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Celsius Holdings, Inc. (CELH - Free Report) is likely to register an increase in the top line when it reports third-quarter 2020 results on Nov 12, before the market opens. The Zacks Consensus Estimate for revenues is pegged at $32.9 million, indicating an improvement of 61.1% from the prior-year reported figure.
However, the bottom line of this maker of the leading global fitness drink, CELSIUS, is expected to decline year over year. We note that the Zacks Consensus Estimate for earnings for the quarter under review has been stable at 1 cent over the past 30 days. The figure suggests decline from 3 cents reported in the prior-year quarter.
In the last reported quarter, this Boca Raton, FL-based company surpassed the Zacks Consensus Estimate by a significant margin.
Shares of the company have increased 21.5% in the past three months against the industry’s decline of 1%.
Factors to Note
Celsius Holdings third-quarter results are likely to have benefited from sturdy consumer demand for 'better-for-you' functional beverages, significant expansion of direct store delivery (DSD) distribution network and launch of newest flavor — Peach Vibe. In Europe, the company continues to capture incremental benefits and synergies from the integration of Func Food Group. The acquisition of this Nordic wellness company has paved the way for the company to tap opportunities in the burgeoning Sports Nutrition and Energy Drink market of Europe.
On its last earnings call management highlighted that the company has secured additional distribution partners with Anheuser-Busch InBev, PepsiCo, Keurig Dr. Pepper and MillerCoors independent network partners, which further expanded the availability of products to new regions. It further stated that the company has plans for several additional partners in the second half of 2020. Management also notified on its call that sales orders through July in the United States have been increasing at growth rate of more than 50% compared with the prior-year period.
While aforementioned factors raise optimism about the outcome of the results, we cannot ignore any deleverage in sales and marketing expenses, and general and administrative expenses. In the last reported quarter, both these expenses increased year over year primarily due to the impact of the consolidation of the operating results of Func Food following its acquisition in October 2019.
What the Zacks Model Unveils
Our proven model does not conclusively predict a beat for Celsius Holdings this earnings season. 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. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Celsius Holdings has a Zacks Rank #3 but an Earnings ESP of 0.00%.
3 Stocks With a Favorable Combination
Here are three companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Tyson Foods, Inc. (TSN - Free Report) has an Earnings ESP of +9.57% and a Zacks Rank #2.
General Mills (GIS - Free Report) has an Earnings ESP of +3.59% and a Zacks Rank #3.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
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Factors Shaping Celsius Holdings (CELH) Q3 Earnings Outcome
Celsius Holdings, Inc. (CELH - Free Report) is likely to register an increase in the top line when it reports third-quarter 2020 results on Nov 12, before the market opens. The Zacks Consensus Estimate for revenues is pegged at $32.9 million, indicating an improvement of 61.1% from the prior-year reported figure.
However, the bottom line of this maker of the leading global fitness drink, CELSIUS, is expected to decline year over year. We note that the Zacks Consensus Estimate for earnings for the quarter under review has been stable at 1 cent over the past 30 days. The figure suggests decline from 3 cents reported in the prior-year quarter.
In the last reported quarter, this Boca Raton, FL-based company surpassed the Zacks Consensus Estimate by a significant margin.
Shares of the company have increased 21.5% in the past three months against the industry’s decline of 1%.
Factors to Note
Celsius Holdings third-quarter results are likely to have benefited from sturdy consumer demand for 'better-for-you' functional beverages, significant expansion of direct store delivery (DSD) distribution network and launch of newest flavor — Peach Vibe. In Europe, the company continues to capture incremental benefits and synergies from the integration of Func Food Group. The acquisition of this Nordic wellness company has paved the way for the company to tap opportunities in the burgeoning Sports Nutrition and Energy Drink market of Europe.
On its last earnings call management highlighted that the company has secured additional distribution partners with Anheuser-Busch InBev, PepsiCo, Keurig Dr. Pepper and MillerCoors independent network partners, which further expanded the availability of products to new regions. It further stated that the company has plans for several additional partners in the second half of 2020. Management also notified on its call that sales orders through July in the United States have been increasing at growth rate of more than 50% compared with the prior-year period.
While aforementioned factors raise optimism about the outcome of the results, we cannot ignore any deleverage in sales and marketing expenses, and general and administrative expenses. In the last reported quarter, both these expenses increased year over year primarily due to the impact of the consolidation of the operating results of Func Food following its acquisition in October 2019.
What the Zacks Model Unveils
Our proven model does not conclusively predict a beat for Celsius Holdings this earnings season. 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. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Celsius Holdings has a Zacks Rank #3 but an Earnings ESP of 0.00%.
3 Stocks With a Favorable Combination
Here are three companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
United Natural Foods, Inc. (UNFI - Free Report) has an Earnings ESP of +5.00% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Tyson Foods, Inc. (TSN - Free Report) has an Earnings ESP of +9.57% and a Zacks Rank #2.
General Mills (GIS - Free Report) has an Earnings ESP of +3.59% and a Zacks Rank #3.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>