Beyond Meat, Inc. (NASDAQ:BYND) is expected to report third quarter earnings results, after market close, on Monday 9th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.05 per share.
Looking ahead, the full year income are expected at $ 0.13 per share on the revenues of $ 478.02 million.
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 loss for the second quarter of $ 0.02 per share, from the revenue of $ 113.34 million. The quarterly revenues elevated 68.54 percent compared with the same quarter last year. Wall street analysts are predicting, BYND to report 2Q20 loss of $ 0.02 per share from revenue of $ 99.84 million. The top line results outshined analysts by $ 13.50 million or 13.52 percent.
Stock Performance
On Friday, shares of Beyond Meat, Inc. has traded high as $ 158.94 and has cracked $ 154.31 on the downward trend, reaching $ 156.86 with volume of 2.30 million shares.
According to the previous trading day, closing price of $ 156.86, representing a 225.94 % increase from the 52 week low of $ 48.18 and a 20.49 % decrease over the 52 week high of $ 197.50.
The company has a market capital of $ 9.80 billion and is part of the Consumer Defensive sector and Packaged Foods industry.
Recent Analyst recommendations
- On 13th October 2020, downgraded by Bernstein to Underperform from Market Perform rating.
- On 6th October 2020, maintained by Piper Sandler at Neutral rating, with $ 178.00 target price.
- On 18th September 2020, downgraded by JPMorgan Chase & Co. to Underweight from Neutral rating.
Conference Call
Beyond Meat, Inc. will be hosting a conference call at 4:30 PM eastern time on 9th November 2020, to discuss its 3Q20 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.
