Beyond Meat (NASDAQ: BYND) will be reporting its first quarter financial results today after market close. Analysts have a consensus $128.80 12-month price target on the company, via a total of 20 analysts, with three analysts having strong buy ratings. One analyst has a buy rating, nine analysts have hold ratings, six have sells and one analyst has a strong sell rating. The street high comes from Stephens with a $190 price target, and the lowest target sits at $58 from BNP Paribas.
17 analysts have revenue estimates for the first quarter. The mean revenue estimate between all 17 analysts is $113.33 million; this number has been revised slightly down from $125.17 million at the start of the year. The highest revenue estimate is $121.40 million, while the lowest is $105.2 million.
The analyst consensus for net income for the first quarter is -$10.5 million, this is down from the start of the year which was $1.87 million. The highest net income estimate is $3.1 million, while the lowest is -$21.54 million.
Onto EBITDA estimates, there are currently only 13 analysts who have first-quarter EBITDA estimates. The mean is currently -$1.64 million, with this number having been revised down from $9.9 million at the start of the year. The street high estimate currently sits at $10.9 million in EBITDA and the lowest is -$9.14 million.
Analysts estimate that quarterly earnings per share will come in at -$0.19, with this number being revised down from $90.01 at the start of the year. Street high is $0.03 and the lowest estimate is -$0.34 per share for the quarter.
Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
