Celsius Holdings Inc. (CELH) closed at $28.02 in the latest trading session, marking a -1.13% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.17%. Elsewhere, the Dow saw a downswing of 0.18%, while the tech-heavy Nasdaq appreciated by 0.4%.
Shares of the company witnessed a loss of 12.91% over the previous month, trailing the performance of the Consumer Staples sector with its gain of 0.4%, and the S&P 500's loss of 1.29%.
Market participants will be closely following the financial results of Celsius Holdings Inc. in its upcoming release. The company is forecasted to report an EPS of $0.35, showcasing a 16.67% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $806.54 million, indicating a 11.23% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.45 per share and a revenue of $3.18 billion, indicating changes of +8.21% and +26.6%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Celsius Holdings Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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. Within the past 30 days, our consensus EPS projection has moved 0.55% lower. At present, Celsius Holdings Inc. boasts a Zacks Rank of #5 (Strong Sell).
Digging into valuation, Celsius Holdings Inc. currently has a Forward P/E ratio of 19.6. This indicates a premium in contrast to its industry's Forward P/E of 14.06.
We can also see that CELH currently has a PEG ratio of 1.97. 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. The Food - Miscellaneous industry had an average PEG ratio of 2.18 as trading concluded yesterday.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 198, finds itself in the bottom 20% echelons of all 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.
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).