In the latest close session, Celsius Holdings Inc. (CELH) was up +2.75% at $29.18. The stock's performance was ahead of the S&P 500's daily gain of 0.5%. Meanwhile, the Dow experienced a rise of 0.7%, and the technology-dominated Nasdaq saw an increase of 0.31%.
Prior to today's trading, shares of the company had lost 2.1% lagged the Consumer Staples sector's gain of 1.95% and the S&P 500's loss of 0.23%.
The upcoming earnings release of Celsius Holdings Inc. will be of great interest to investors. The company's upcoming EPS is projected at $0.43, signifying a 8.51% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $901.25 million, up 21.91% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.59 per share and revenue of $3.35 billion. These totals would mark changes of +18.66% and +33.01%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Celsius Holdings Inc. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, Celsius Holdings Inc. is carrying a Zacks Rank of #3 (Hold).
With respect to valuation, Celsius Holdings Inc. is currently being traded at a Forward P/E ratio of 17.91. This valuation marks a premium compared to its industry average Forward P/E of 12.46.
One should further note that CELH currently holds a PEG ratio of 1.08. 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 industry had an average PEG ratio of 2.46 as trading concluded yesterday.
The Food - Miscellaneous industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 195, positioning it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CELH in the coming trading sessions, be sure to utilize Zacks.com.
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Celsius Holdings Inc. (CELH): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).