Beyond Meat (BYND) to Release Quarterly Earnings on Wednesday

Beyond Meat (NASDAQ:BYND) is set to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Beyond Meat to post earnings of ($0.45) per share for the quarter. Beyond Meat has set its FY 2024 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Beyond Meat (NASDAQ:BYND) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.02). The firm had revenue of $93.19 million during the quarter, compared to analysts’ expectations of $87.81 million. Beyond Meat’s revenue was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.83) EPS. On average, analysts expect Beyond Meat to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Beyond Meat Stock Performance

NASDAQ BYND opened at $6.09 on Monday. The company has a market capitalization of $396.09 million, a PE ratio of -1.25 and a beta of 2.28. The business’s fifty day moving average is $6.37 and its 200 day moving average is $6.62. Beyond Meat has a fifty-two week low of $5.13 and a fifty-two week high of $12.12.

Wall Street Analyst Weigh In

BYND has been the topic of several analyst reports. Mizuho lowered their target price on Beyond Meat from $6.00 to $5.00 and set an “underperform” rating on the stock in a research report on Monday, August 26th. BMO Capital Markets lowered their target price on Beyond Meat from $9.00 to $6.00 and set a “market perform” rating on the stock in a research report on Thursday, August 8th. Four equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $5.42.

Beyond Meat Company Profile

Beyond Meat, Inc, a plant-based meat company, develops, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells a range of plant-based meat products across the platforms of beef, pork, and poultry. It sells its products through grocery, mass merchandiser, club stores, and natural retailer channels, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools.