قالب وردپرس درنا توس
Home / Business / What to Expect From Beyond Meat's Q2 Revenue Today

What to Expect From Beyond Meat's Q2 Revenue Today



Analysts' Expectations

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.

  What to Expect from Beyond Meat's Q2 Earning Today

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

7.4 million in the corresponding quarter of 2018. Growth in both Retail and Restaurant and Foodservice is projected to drive the company's revenue. The increase in retail distribution and food service distribution points, increased demand from existing customers, and the introduction of Beyond Burger in grocery stores across the US can lead to company revenue. However, the company discontinued its frozen chicken strip product line in the first quarter of 2019. The company's decision to liquidate the frozen chicken strip product line may outweigh some of BYND's sales growth.

BILL to report a net loss [19659002] 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.

  What to Expect From Beyond Meat's Q2 Earning Today

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.


Source link