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In the latest market close, Celsius Holdings Inc. (CELH) reached $36.53, with a -1.93% movement compared to the previous day. This change was narrower than the S&P 500's daily loss of 3.46%. Elsewhere, the Dow saw a downswing of 2.5%, while the tech-heavy Nasdaq depreciated by 4.31%.
Shares of the company witnessed a gain of 35.5% over the previous month, beating the performance of the Consumer Staples sector with its loss of 1.83% and the S&P 500's loss of 5.27%.
Investors will be eagerly watching for the performance of Celsius Holdings Inc. in its upcoming earnings disclosure. On that day, Celsius Holdings Inc. is projected to report earnings of $0.20 per share, which would represent a year-over-year decline of 25.93%. At the same time, our most recent consensus estimate is projecting a revenue of $345.26 million, reflecting a 2.94% fall from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.99 per share and revenue of $2.1 billion. These totals would mark changes of +41.43% and +55.25%, respectively, from last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Celsius Holdings Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
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.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 4.04% upward. Celsius Holdings Inc. is currently sporting a Zacks Rank of #3 (Hold).
With respect to valuation, Celsius Holdings Inc. is currently being traded at a Forward P/E ratio of 34.15. This denotes a premium relative to the industry's average Forward P/E of 14.89.
Also, we should mention that CELH has a PEG ratio of 1.01. 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 1.81.