Celsius Holdings Inc. (CELH) ended the recent trading session at $29.45, demonstrating a +2.29% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.21%. Elsewhere, the Dow saw an upswing of 1.03%, while the tech-heavy Nasdaq depreciated by 0.22%.
Prior to today's trading, shares of the company had lost 3.36% lagged the Consumer Staples sector's gain of 0.53% and the S&P 500's gain of 1.7%.
The investment community will be paying close attention to the earnings performance of Celsius Holdings Inc. in its upcoming release. The company is expected to report EPS of $0.43, down 8.51% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $887.71 million, indicating a 20.08% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.59 per share and a revenue of $3.32 billion, signifying shifts of +18.66% and +32.1%, respectively, from the last year.
Investors should also pay attention to any latest changes in 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Celsius Holdings Inc. is currently a Zacks Rank #4 (Sell).
In terms of valuation, Celsius Holdings Inc. is currently trading at a Forward P/E ratio of 18.1. Its industry sports an average Forward P/E of 13.58, so one might conclude that Celsius Holdings Inc. is trading at a premium comparatively.
We can also see that CELH currently has a PEG ratio of 1.15. 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. By the end of yesterday's trading, the Food - Miscellaneous industry had an average PEG ratio of 2.51.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 212, finds itself in the bottom 14% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Celsius Holdings Inc. (CELH): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).