Celsius Holdings Inc. (CELH - Free Report) shares rallied 11.1% in the last trading session to close at $98.87. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 34.9% gain over the past four weeks.
Celsius Holdings’ stock got a boost as the company entered into a long-term strategic distribution deal with PepsiCo. The distribution deal initially shifts the current U.S. distribution of Celsius to PepsiCo's solid capacities. Apart from this, PepsiCo will make an investment in Celsius to fuel its growth agenda, as part of the agreement. Certainly, the prospects of the deal look encouraging, given the combination of Celsius’ robust brand momentum and PepsiCo’s strong portfolio and go-to-market capacities.
This company is expected to post quarterly earnings of $0.08 per share in its upcoming report, which represents a year-over-year change of +60%. Revenues are expected to be $143.78 million, up 121% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Celsius Holdings Inc., the consensus EPS estimate for the quarter has been revised 6.7% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on CELH going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Celsius Holdings Inc. belongs to the Zacks Food - Miscellaneous industry. Another stock from the same industry, BRF (BRFS - Free Report) , closed the last trading session 4.6% higher at $3.17. Over the past month, BRFS has returned 15.2%.
For BRF, the consensus EPS estimate for the upcoming report has changed +113.2% over the past month to $0.02. This represents a change of +140% from what the company reported a year ago. BRF currently has a Zacks Rank of #2 (Buy).
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Celsius Holdings Inc. (CELH - Free Report) shares rallied 11.1% in the last trading session to close at $98.87. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 34.9% gain over the past four weeks.
Celsius Holdings’ stock got a boost as the company entered into a long-term strategic distribution deal with PepsiCo. The distribution deal initially shifts the current U.S. distribution of Celsius to PepsiCo's solid capacities. Apart from this, PepsiCo will make an investment in Celsius to fuel its growth agenda, as part of the agreement. Certainly, the prospects of the deal look encouraging, given the combination of Celsius’ robust brand momentum and PepsiCo’s strong portfolio and go-to-market capacities.
This company is expected to post quarterly earnings of $0.08 per share in its upcoming report, which represents a year-over-year change of +60%. Revenues are expected to be $143.78 million, up 121% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Celsius Holdings Inc., the consensus EPS estimate for the quarter has been revised 6.7% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on CELH going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Celsius Holdings Inc. belongs to the Zacks Food - Miscellaneous industry. Another stock from the same industry, BRF (BRFS - Free Report) , closed the last trading session 4.6% higher at $3.17. Over the past month, BRFS has returned 15.2%.
For BRF, the consensus EPS estimate for the upcoming report has changed +113.2% over the past month to $0.02. This represents a change of +140% from what the company reported a year ago. BRF currently has a Zacks Rank of #2 (Buy).
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks<<
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