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Beyond Meat Inc expected to post a loss of 87 cents a share - Earnings Preview

Reuters2023-11-03

* Beyond Meat Inc is expected to show a rise in quarterly revenue when it reports results

* The El Segundo California-based company is expected to report a 3.5% increase in revenue to $85.371 million from $82.5 million a year ago, according to the mean estimate from 12 analysts, based on LSEG data. The company's guidance on August 7 2023, for the period ended September 30, was for revenue between $84.15 million and $85.80 million.

* ​Refinitiv's mean analyst estimate for Beyond Meat Inc is for a loss of 87 cents per share.

* The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy," 8 "hold" and 7 "sell" or "strong sell."

* The mean earnings estimate of analysts was unchanged in the last three months. ​

* Wall Street's median 12-month price target for Beyond Meat Inc is $6.25​, below​ its last closing price of $7.00. ​​​

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM REFINITIV ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT IBES MET, SE %

E® ESTIMATE MISSED

Jun. 30 2023 -0.86 -0.86 -0.83 Beat 3.1

Mar. 31 2023 -1.00 -1.01 -0.92 Beat 9.2

Dec. 31 2022 -1.18 -1.18 -1.05 Beat 11.3​

Sep. 30 2022 -1.15 -1.14 -1.60 Missed -40.8

​​Jun. -1.23 -1.18 -1.53 Missed -29.6

30 2022

Mar. 31 2022 -1.03 -0.98 -1.58 Missed -61.1​

Dec. 31 2021 -0.79 -0.71 -1.27 Missed -78

Sep. 30 2021 -0.44 -0.39 -0.87 Missed -124.8

This summary was machine generated November 3 at 12:43 GMT. All figures in US dollars unless otherwise stated.

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  • Sg73
    ·2023-11-03
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