Beyond Meat (BYND) plans to report second-quarter revenue today after markets have closed. For the quarter, analysts expect the company's turnover to rise above 200%. However, analysts believe that the company will have a net loss during the quarter.
Beyond Meat's Turnover Growth
For the second quarter, analysts expect Beyond Meat to report revenue of $ 50.7 million, an increase of 203, 5% from $ 1
BILL to report a net loss  Analysts predicted that Beyond Meat's net loss would fall in the second quarter. For the quarter, the company's net loss is estimated to be $ 4.5 million or a loss of $ 0.09 per share. In comparison, the company's net loss of $ 7.4 million in the corresponding quarter of 2018.
Prior to revenue in the second quarter, analysts favor a "hold" rating for Beyond Meat. All eight analysts that follow the company have given it a "hold" rating. On average, analysts' price target for BYND is $ 115.67, down 50.8% from today's share price.