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Celsius Holdings Inc. (CELH) Stock Sinks As Market Gains: Here's Why
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Celsius Holdings Inc. (CELH - Free Report) closed at $34.48 in the latest trading session, marking a -4.57% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.08% for the day. Elsewhere, the Dow lost 0.18%, while the tech-heavy Nasdaq added 0.1%.
Heading into today, shares of the company had lost 16.58% over the past month, lagging the Consumer Staples sector's loss of 7.95% and the S&P 500's loss of 1.74%.
Market participants will be closely following the financial results of Celsius Holdings Inc. in its upcoming release. The company's upcoming EPS is projected at $0.29, signifying a 61.11% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $748.67 million, indicating a 127.36% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.56 per share and a revenue of $3.37 billion, indicating changes of +16.42% and +33.82%, respectively, from the former year.
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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. The Zacks Consensus EPS estimate has moved 0.12% higher within the past month. Celsius Holdings Inc. is currently a Zacks Rank #3 (Hold).
In the context of valuation, Celsius Holdings Inc. is at present trading with a Forward P/E ratio of 23.1. This represents a premium compared to its industry average Forward P/E of 13.67.
We can additionally observe that CELH currently boasts a PEG ratio of 1.23. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Food - Miscellaneous industry held an average PEG ratio of 2.49.
The Food - Miscellaneous industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 207, placing it within the bottom 16% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Celsius Holdings Inc. (CELH) Stock Sinks As Market Gains: Here's Why
Celsius Holdings Inc. (CELH - Free Report) closed at $34.48 in the latest trading session, marking a -4.57% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.08% for the day. Elsewhere, the Dow lost 0.18%, while the tech-heavy Nasdaq added 0.1%.
Heading into today, shares of the company had lost 16.58% over the past month, lagging the Consumer Staples sector's loss of 7.95% and the S&P 500's loss of 1.74%.
Market participants will be closely following the financial results of Celsius Holdings Inc. in its upcoming release. The company's upcoming EPS is projected at $0.29, signifying a 61.11% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $748.67 million, indicating a 127.36% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.56 per share and a revenue of $3.37 billion, indicating changes of +16.42% and +33.82%, respectively, from the former year.
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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. The Zacks Consensus EPS estimate has moved 0.12% higher within the past month. Celsius Holdings Inc. is currently a Zacks Rank #3 (Hold).
In the context of valuation, Celsius Holdings Inc. is at present trading with a Forward P/E ratio of 23.1. This represents a premium compared to its industry average Forward P/E of 13.67.
We can additionally observe that CELH currently boasts a PEG ratio of 1.23. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Food - Miscellaneous industry held an average PEG ratio of 2.49.
The Food - Miscellaneous industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 207, placing it within the bottom 16% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.