Celsius Holdings Inc. (CELH) closed at $54.39 in the latest trading session, marking a +1.61% move from the prior day. This move outpaced the S&P 500's daily loss of 0.06%. Meanwhile, the Dow lost 0.17%, and the Nasdaq, a tech-heavy index, lost 0.06%.
Prior to today's trading, shares of the company had gained 28.46% outpaced the Consumer Staples sector's gain of 1.35% and the S&P 500's gain of 1.99%.
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 $0.18, indicating a 28.57% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $642.56 million, showing a 93.43% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.24 per share and revenue of $2.44 billion, indicating changes of +77.14% and 0%, respectively, compared to the previous 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. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 2.79% fall in the Zacks Consensus EPS estimate. Celsius Holdings Inc. currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Celsius Holdings Inc. is currently exchanging hands at a Forward P/E ratio of 36.36. This signifies a premium in comparison to the average Forward P/E of 12.96 for its industry.
We can also see that CELH currently has a PEG ratio of 0.89. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Food - Miscellaneous industry was having an average PEG ratio of 1.55.
The Food - Miscellaneous industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 176, placing it within the bottom 29% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Celsius Holdings Inc. (CELH): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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