Celsius Holdings Inc. (CELH) ended the recent trading session at $30.60, demonstrating a -3.47% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.28%. Meanwhile, the Dow lost 1.09%, and the Nasdaq, a tech-heavy index, added 0.2%.
Shares of the company witnessed a gain of 12.45% over the previous month, beating the performance of the Consumer Staples sector with its gain of 4%, and the S&P 500's gain of 1.64%.
The upcoming earnings release of Celsius Holdings Inc. will be of great interest to investors. The company's upcoming EPS is projected at $0.42, signifying a 10.64% drop compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $891.45 million, showing a 20.59% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.59 per share and a revenue of $3.33 billion, indicating changes of +18.66% and +32.32%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Celsius Holdings Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.26% higher. Celsius Holdings Inc. presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Celsius Holdings Inc. is presently being traded at a Forward P/E ratio of 19.93. This represents a premium compared to its industry average Forward P/E of 13.03.
Investors should also note that CELH has a PEG ratio of 1.27 right now. 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. By the end of yesterday's trading, the Food - Miscellaneous industry had an average PEG ratio of 2.49.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 198, putting it in the bottom 20% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Celsius Holdings Inc. (CELH): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).