Beyond Meat (BYND) to Release Earnings on Monday
Beyond Meat (NASDAQ:BYND) is set to post its quarterly earnings results after the market closes on Monday, July 29th. Analysts expect Beyond Meat to post earnings of ($0.08) per share for the quarter. Beyond Meat has set its FY 2019 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.
Beyond Meat (NASDAQ:BYND) last announced its quarterly earnings results on Thursday, June 6th. The company reported ($0.14) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.14). The company had revenue of $40.20 million during the quarter, compared to the consensus estimate of $38.93 million. The firm’s quarterly revenue was up 214.1% compared to the same quarter last year. On average, analysts expect Beyond Meat to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of BYND opened at $234.90 on Friday. Beyond Meat has a twelve month low of $45.00 and a twelve month high of $239.71. The firm has a 50 day moving average of $162.71.
A number of research analysts have weighed in on the stock. Credit Suisse Group raised shares of Laredo Petroleum from an “underperform” rating to a “neutral” rating and set a $2.83 price target on the stock in a research note on Tuesday, July 9th. They noted that the move was a valuation call. Goldman Sachs Group assumed coverage on shares of Beyond Meat in a research note on Monday, May 27th. They issued a “neutral” rating and a $67.00 price target on the stock. Consumer Edge assumed coverage on shares of Beyond Meat in a research note on Monday, May 20th. They issued an “equal weight” rating and a $89.35 price target on the stock. Jefferies Financial Group lifted their price target on shares of Avid Technology from $6.50 to $8.50 and gave the company a “hold” rating in a research note on Friday, June 7th. Finally, Bank of America set a $80.00 price target on shares of Canopy Growth and gave the company a “buy” rating in a research note on Friday, June 7th. Eight research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus price target of $104.48.
Beyond Meat Company Profile
Beyond Meat, Inc, a food company, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells its products under the Beyond Beef, Beyond Chicken, The Beyond Burger, Beyond Meat, Beyond Sausage, Eat What You Love, and The Cookout Classic brand names.
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