Beyond Meat, Inc. (BYND - Free Report) is scheduled to report third-quarter 2019 financial numbers on Oct 28, after the closing bell.
The California-based company’s bottom line significantly surpassed estimates in the last reported quarter.
Which Way Are Estimates Headed?
The Zacks Consensus Estimate for third-quarter earnings is pegged at 5 cents. The consensus estimate remained unchanged over the last 30 days. The consensus mark for revenues stands at $82.6 million for the quarter under review.
Beyond Meat, Inc. Price and EPS Surprise
Factors to Consider
Beyond Meat remains focused on expanding base across the United States and international regions, which is expected to have benefitted it in the quarter under review.
Encouraged by healthy demand, the company remains focused on product innovation. In this regard, Beyond Meat’s innovation program and increased focus on core categories are likely to have contributed to the top line in the third quarter.
This apart, the company’s supply-chain initiatives and efforts to enhance operational capabilities are likely to have influenced third-quarter performance. In fact, better supply-chain logistics along with lower packaging and material input costs, tolling fee efficiencies, reduced distribution costs and favorable volume are likely to get reflected in Beyond Meat’s gross profit in the quarter under review.
Markedly, management expects third-quarter sales and profitability to remain strong and improve on a sequential basis.
What the Zacks Model Unveils?
Our proven model does not conclusively predict an earnings beat for Beyond Meat this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Although Beyond Meat carries a Zacks Rank #2, its Earnings ESP of 0.00% makes surprise prediction difficult.
Stocks With Favorable Combination
Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat:
J & J Snacks Foods Corp. (JJSF - Free Report) currently has an Earnings ESP of +0.7% and Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
TreeHouse Foods (THS - Free Report) has an Earnings ESP of +1.01% and a Zacks Rank #2 at present.
Conagra Brands (CAG - Free Report) currently has an Earnings ESP of +0.6% and a Zacks Rank #3.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Beyond Meat, Inc. (BYND - Free Report) is scheduled to report third-quarter 2019 financial numbers on Oct 28, after the closing bell.
The California-based company’s bottom line significantly surpassed estimates in the last reported quarter.
Which Way Are Estimates Headed?
The Zacks Consensus Estimate for third-quarter earnings is pegged at 5 cents. The consensus estimate remained unchanged over the last 30 days. The consensus mark for revenues stands at $82.6 million for the quarter under review.
Beyond Meat, Inc. Price and EPS Surprise
Factors to Consider
Beyond Meat remains focused on expanding base across the United States and international regions, which is expected to have benefitted it in the quarter under review.
Encouraged by healthy demand, the company remains focused on product innovation. In this regard, Beyond Meat’s innovation program and increased focus on core categories are likely to have contributed to the top line in the third quarter.
This apart, the company’s supply-chain initiatives and efforts to enhance operational capabilities are likely to have influenced third-quarter performance. In fact, better supply-chain logistics along with lower packaging and material input costs, tolling fee efficiencies, reduced distribution costs and favorable volume are likely to get reflected in Beyond Meat’s gross profit in the quarter under review.
Markedly, management expects third-quarter sales and profitability to remain strong and improve on a sequential basis.
What the Zacks Model Unveils?
Our proven model does not conclusively predict an earnings beat for Beyond Meat this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Although Beyond Meat carries a Zacks Rank #2, its Earnings ESP of 0.00% makes surprise prediction difficult.
Stocks With Favorable Combination
Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat:
J & J Snacks Foods Corp. (JJSF - Free Report) currently has an Earnings ESP of +0.7% and Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
TreeHouse Foods (THS - Free Report) has an Earnings ESP of +1.01% and a Zacks Rank #2 at present.
Conagra Brands (CAG - Free Report) currently has an Earnings ESP of +0.6% and a Zacks Rank #3.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on CAG - FREE
Get the latest research report on THS - FREE
Get the latest research report on JJSF - FREE
Get the latest research report on BYND - FREE