Freshpet Inc. (FRPT) announced its Q1 2019 results on Monday, May 6th. The result was not the best. The company has reported a loss of $3.4 million for its first quarter, which can be translated to a per-share basis into a loss of $0.10. The results did not meet Wall Street expectations, as the average estimate of six analysts surveyed by Zacks Investment Research came out to be one cent per share better, making it to a loss of $0.09 per share.
Freshpet, which sells refrigerated fresh pet food, posted revenues as well, and they fared better than the earnings. The revenues came out to be $54.8 million for the first quarter, and they surpassed Wall Street forecasts, which came up to $53.9 million. Freshpet shares gained 43% in 2019, and are currently trading at around $45.92. This represents an over 100% gain in price in the last 12 months. It is debatable if you want to add this stock to the portfolio or not. However, this might be an ace up the portfolio’s sleeve that it needs. Ultimately, that decision is only up to the investors themselves.