In the latest close session, Celsius Holdings Inc. (CELH) was up +1.04% at $30.14. This move outpaced the S&P 500’s daily gain of 0.38%. At the same time, the Dow added 0.02%, and the tech-heavy Nasdaq gained 0.9%.
Shares of the company have appreciated by 3.79% over the course of the past month, outperforming the Consumer Staples sector’s loss of 0.78%, and the S&P 500’s gain of 1.27%.
The investment community will be closely monitoring the performance of Celsius Holdings Inc. in its forthcoming earnings report. The company is predicted to post an EPS of $0.42, indicating a 10.64% decline compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $891.45 million, indicating a 20.59% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.59 per share and revenue of $3.33 billion. These totals would mark changes of +18.66% and +32.32%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Celsius Holdings Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.26% higher within the past month. Celsius Holdings Inc. is holding a Zacks Rank of #4 (Sell) right now.
In terms of valuation, Celsius Holdings Inc. is presently being traded at a Forward P/E ratio of 18.76. This valuation marks a premium compared to its industry average Forward P/E of 13.23.
We can also see that CELH currently has a PEG ratio of 1.19. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock’s expected earnings growth rate. The Food – Miscellaneous was holding an average PEG ratio of 2.52 at yesterday’s closing price.
The Food – Miscellaneous industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 214, placing it within the bottom 14% of over 250 industries.
