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Celsius Holdings Inc. (CELH) closed the latest trading day at $35.73, indicating a +0.31% change from the previous session's end. The stock lagged the S&P 500's daily gain of 0.38%. At the same time, the Dow lost 0.03%, and the tech-heavy Nasdaq gained 0.87%.
Heading into today, shares of the company had gained 38.87% over the past month, outpacing the Consumer Staples sector's gain of 1.23% and the S&P 500's loss of 5.59% in that time.
The investment community will be closely monitoring the performance of Celsius Holdings Inc. in its forthcoming earnings report. The company is forecasted to report an EPS of $0.19, showcasing a 29.63% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $345.26 million, down 2.94% from the year-ago period.
CELH's full-year Zacks Consensus Estimates are calling for earnings of $0.93 per share and revenue of $1.56 billion. These results would represent year-over-year changes of +32.86% and +14.94%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Celsius Holdings Inc. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.11% lower. At present, Celsius Holdings Inc. boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Celsius Holdings Inc. is currently trading at a Forward P/E ratio of 38.38. This valuation marks a premium compared to its industry's average Forward P/E of 16.53.
Also, we should mention that CELH has a PEG ratio of 1.14. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Food - Miscellaneous industry had an average PEG ratio of 1.96 as trading concluded yesterday.
The Food - Miscellaneous industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 178, placing it within the bottom 29% of over 250 industries.