Yahoo Finance Medifast First Quarter 2024 Earnings: EPS Misses Expectations
Medifast (NYSE:MED) First Quarter 2024 Results
Key Financial Results
Revenue: US$174.7m (down 50% from 1Q 2023).
Net income: US$8.32m (down 79% from 1Q 2023).
Profit margin: 4.8% (down from 12% in 1Q 2023). The decrease in margin was driven by lower revenue.
EPS: US$0.76 (down from US$3.68 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Medifast EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.0%.
Looking ahead, revenue is expected to decline by 17% p.a. on average during the next 2 years, while revenues in the Personal Products industry in the US are expected to grow by 7.0%.
Performance of the American Personal Products industry.
The company's shares are down 18% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Medifast (1 is significant!) that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
