Beyond Meat (NASDAQ:BYND - Get Free Report) will issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($0.45) per share for the quarter. Beyond Meat has set its FY 2024 guidance at EPS.Persons interested in registering for the company's earnings conference call can do so using this link.
Beyond Meat (NASDAQ:BYND - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of ($0.51) by ($0.02). The business had revenue of $93.19 million during the quarter, compared to the consensus estimate of $87.81 million. During the same quarter in the previous year, the business earned ($0.83) earnings per share. Beyond Meat's revenue for the quarter was down 8.8% compared to the same quarter last year. 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
Shares of BYND stock traded down $0.11 during trading hours on Wednesday, reaching $6.18. The company had a trading volume of 1,908,476 shares, compared to its average volume of 2,905,879. Beyond Meat has a twelve month low of $5.13 and a twelve month high of $12.12. The stock's fifty day simple moving average is $6.39 and its 200 day simple moving average is $6.62. The company has a market capitalization of $400.99 million, a P/E ratio of -1.20 and a beta of 2.26.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on BYND shares. BMO Capital Markets dropped their price target on shares of Beyond Meat from $9.00 to $6.00 and set a "market perform" rating on the stock in a research note on Thursday, August 8th. Mizuho dropped 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. Five analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat.com, Beyond Meat currently has a consensus rating of "Reduce" and a consensus price target of $5.36.
Check Out Our Latest Stock Analysis on Beyond Meat
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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