In the latest close session, Celsius Holdings Inc. (CELH) was up +1.04% at $30.14. This move outpaced the S&P 500's daily gain of 0.38%. At the same time, the Dow added 0.02%, and the tech-heavy Nasdaq gained 0.9%.
Shares of the company have appreciated by 3.79% over the course of the past month, outperforming the Consumer Staples sector's loss of 0.78%, and the S&P 500's gain of 1.27%.
The investment community will be closely monitoring the performance of Celsius Holdings Inc. in its forthcoming earnings report. The company is predicted to post an EPS of $0.42, indicating a 10.64% decline compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $891.45 million, indicating a 20.59% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.59 per share and revenue of $3.33 billion. These totals would mark changes of +18.66% and +32.32%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Celsius Holdings Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. The Zacks Consensus EPS estimate has moved 0.26% higher within the past month. Celsius Holdings Inc. is holding a Zacks Rank of #4 (Sell) right now.
In terms of valuation, Celsius Holdings Inc. is presently being traded at a Forward P/E ratio of 18.76. This valuation marks a premium compared to its industry average Forward P/E of 13.23.
We can also see that CELH currently has a PEG ratio of 1.19. 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 was holding an average PEG ratio of 2.52 at yesterday's closing price.
The Food - Miscellaneous industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 214, placing it within the bottom 14% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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).