Medifast: Q4 Earnings Insights

Medifast MED reported its Q4 earnings results on Wednesday, February 23, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Medifast beat estimated earnings by 9.81%, reporting an EPS of $2.91 versus an estimate of $2.65.

Revenue was up $112.92 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.48 which was followed by a 2.92% increase in the share price the next day.

Here's a look at Medifast's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Medifast management provided guidance for their next quarter, expecting earnings between $14.5 and $16.0 per share for the next quarter.

This represents a 424.05% in quarter-over-quarter growth for Medifast, a bullish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.