In the latest trading session, Celsius Holdings Inc. (CELH) closed at $90.68, marking a -0.19% move from the previous day. This move was narrower than the S&P 500's daily loss of 1.51%. At the same time, the Dow lost 1.71%, and the tech-heavy Nasdaq lost 0.02%.
Prior to today's trading, shares of the company had lost 8.41% over the past month. This has was narrower than the Consumer Staples sector's loss of 8.44% and the S&P 500's loss of 9.52% in that time.
Investors will be hoping for strength from Celsius Holdings Inc. as it approaches its next earnings release. 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.
Investors might also notice recent changes to analyst estimates for Celsius Holdings Inc.These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Celsius Holdings Inc. is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Celsius Holdings Inc. has a Forward P/E ratio of 206.48 right now. Its industry sports an average Forward P/E of 17.61, so we one might conclude that Celsius Holdings Inc. is trading at a premium comparatively.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 151, which puts it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow CELH in the coming trading sessions, be sure to utilize Zacks.com.
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