Beyond Meat (NASDAQ:BYND - Get Free Report) is expected to be issuing its Q4 2024 quarterly earnings data after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.44) per share and revenue of $76.08 million for the quarter. Beyond Meat has set its FY 2025 guidance at EPS.Parties that wish to register for the company's conference call can do so using this link.
Beyond Meat (NASDAQ:BYND - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.44) by ($0.21). The business had revenue of $76.66 million during the quarter, compared to the consensus estimate of $76.08 million. 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 Price Performance
Shares of BYND traded down $0.38 during mid-day trading on Thursday, reaching $3.18. The company's stock had a trading volume of 8,585,470 shares, compared to its average volume of 3,621,027. The company's 50 day moving average is $3.87 and its 200 day moving average is $5.14. The stock has a market cap of $207.35 million, a PE ratio of -0.76 and a beta of 2.31. Beyond Meat has a 12-month low of $3.10 and a 12-month high of $12.12.
Analysts Set New Price Targets
Several analysts have recently issued reports on the company. Barclays reduced their price objective on Beyond Meat from $4.00 to $3.00 and set an "underweight" rating on the stock in a research report on Thursday. BMO Capital Markets dropped their price target on Beyond Meat from $6.00 to $5.00 and set a "market perform" rating for the company in a research note on Thursday. Four research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $4.92.
Read Our Latest Research Report on BYND
Insider Transactions at Beyond Meat
In other Beyond Meat news, insider Ethan Brown sold 313,000 shares of the firm's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $3.75, for a total transaction of $1,173,750.00. Following the transaction, the insider now directly owns 1,703,288 shares in the company, valued at $6,387,330. This trade represents a 15.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 8.60% of the stock is currently owned by insiders.
About Beyond Meat
(
Get Free Report)
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.
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