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Celsius Holdings Inc. (CELH) Gains As Market Dips: What You Should Know

Zacks Equity Research
·3-min read

Celsius Holdings Inc. (CELH) closed at $89.65 in the latest trading session, marking a +0.63% move from the prior day. This change outpaced the S&P 500's 1.03% loss on the day. At the same time, the Dow lost 1.15%, and the tech-heavy Nasdaq gained 0.27%.

Heading into today, shares of the company had lost 9.95% over the past month, lagging the Consumer Staples sector's loss of 4.75% and the S&P 500's loss of 3.51% in that time.

Wall Street will be looking for positivity from Celsius Holdings Inc. as it approaches its next earnings report date. On that day, Celsius Holdings Inc. is projected to report earnings of $0.13 per share, which would represent year-over-year growth of 333.33%. Meanwhile, our latest consensus estimate is calling for revenue of $163.19 million, up 71.94% from the prior-year quarter.

CELH's full-year Zacks Consensus Estimates are calling for earnings of $0.44 per share and revenue of $619.97 million. These results would represent year-over-year changes of +780% and +97.27%, respectively.

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It is also important to note the recent changes to analyst estimates for Celsius Holdings Inc.These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Celsius Holdings Inc. currently has a Zacks Rank of #2 (Buy).

Investors should also note Celsius Holdings Inc.'s current valuation metrics, including its Forward P/E ratio of 202.48. This represents a premium compared to its industry's average Forward P/E of 17.65.

The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 181, which puts it in the bottom 29% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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Celsius Holdings Inc. (CELH) : Free Stock Analysis Report
 
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Zacks Investment Research