MEDIFAST INC (NYSE:MED) specialty retailer, is expected to report third quarter earnings results, after market close, on Monday 2nd November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 2.46 per share.
Looking ahead, the full year income are expected at $ 8.86 per share on the revenues of $ 876.16 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 715.00 million ~ $ 745.00 million, where as bottomline are predicted in a range of $ 6.25 ~ $ 6.55 per share
Click Here For More Historical Outlooks Of MEDIFAST INC
Previous Quarter Performance
MEDIFAST INC outlined income for the second quarter of $ 1.96 per share, from the revenue of $ 220.00 million. According to street consensus, MED was expected to report 2Q20 income of $ 1.83 per share from revenue of $ 191.76 million. The bottom line results beat street analysts by $ 0.13 or 7.10 percent, at the same time, top line results outshined analysts by $ 28.24 million or 14.73 percent.
Stock Performance
On Friday, shares of MEDIFAST INC has traded high as $ 149.23 and has cracked $ 139.59 on the downward trend, reaching $ 140.49 with volume of 180.20 thousand shares.
According to the previous trading day, closing price of $ 140.49, representing a 207.53 % increase from the 52 week low of $ 49.03 and a 18.18 % decrease over the 52 week high of $ 184.29.
The company has a market capital of $ 1.65 billion and is part of the Consumer Cyclical sector and Specialty Retail industry.
Conference Call
MEDIFAST INC will be hosting a conference call at 4:30 PM eastern time on 2nd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.medifastinc.com.
Medifast, Inc., through its subsidiaries, manufactures and distributes weight loss, weight management, healthy living products, and other consumable health and nutritional products. It offers bars, bites, pretzels, puffs, oatmeal and cereal crunch products, drinks, hearty choices, pancakes, puddings, soft serves, shakes, smoothies, soft bakes, and soups under the Medifast, OPTAVIA, Thrive by Medifast, Optimal Health by OPTAVIA, Flavors of Home, and Essential 1 brands. The company sells its products through various channels, including the Internet, call centers, independent health advisors, franchise weight loss clinics, and direct consumer marketing.
