Beyond Meat, Inc. (NASDAQ:BYND) is reporting second quarter financial results on Tuesday 4th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, BYND is expected to report 2Q20 loss of $ 0.02 per share from revenue of $ 99.84 million.
For the full year, analysts anticipate top line of $ 463.94 million, while looking forward to income of $ 0.14 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 490.00 million ~ $ 510.00 million
Click Here For More Historical Outlooks Of Beyond Meat, Inc.
Previous Quarter Performance
Beyond Meat, Inc. reported income for the first quarter of $ 0.03 per share, from the revenue of $ 97.07 million. The quarterly revenues hiked 141.41 percent compared with the same quarter last year. According to street consensus, BYND was expected to report 1Q20 loss of $ 0.06 per share from revenue of $ 86.43 million. The bottom line results beat street analysts by $ 0.09 or 150.00 percent, at the same time, top line results outshined analysts by $ 10.64 million or 12.31 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of BYND was $ 134.32, representing a 178.79 % increase from the 52 week low of $ 48.18 and a 26.1 % decrease over the 52 week high of $ 181.75.
The company has a market capital of $ 8.36 billion and is part of the Consumer Defensive sector and Packaged Foods industry.
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Recent Analyst recommendations
- On 10th July 2020, initiated by Citigroup at Sell rating, with $ 123.00 target price.
- On 9th July 2020, maintained by UBS Group at Sell rating, with $ 105.00 target price.
- On 9th July 2020, maintained by Bernstein at Market Perform rating, with $ 133.00 target price.
- On 29th June 2020, downgraded by Barclays to Underweight from Overweight rating.
- On 17th June 2020, maintained by Credit Suisse Group at Neutral rating, with $ 142.00 target price.
Conference Call
Beyond Meat, Inc. will be hosting a conference call at 4:30 PM eastern time on 4th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website beyondmeat.com
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. Beyond Meat, Inc.
