Beyond Meat Q2 2024 Earnings Preview
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Contributor since / Followers
Contributor since / Followers
3 months ago
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- Beyond Meat (NASDAQ:BYND) is scheduled to announce Q2 earnings results on Wednesday, August 7th, after market close.
- The consensus EPS Estimate is -$0.52 (+37.3% Y/Y) and the consensus Revenue Estimate is $88.4M (-13.5% Y/Y).
- Over the last 1 year, BYND has beaten EPS estimates 25% of the time and has beaten revenue estimates 25% of the time.
- Over the last 3 months, EPS estimates have seen 6 upward revisions and 2 downward. Revenue estimates have seen 0 upward revisions and 7 downward.
- Last month, Beyond Meat was reportedly in talks with bondholders to restructure its balance sheet. The plant-based meat company has been grappling with declining sales and persistent cash burn. To address its liquidity concerns, it’s engaging with creditors holding $1.1B in convertible notes.
- Investors will be keenly watching for updates on the company’s liquidity position and its plans to address these pressing issues.
- Looking at the stock performance, the firm has lost almost 65% of its value in the last 12 months, garnering a Sell rating from Wall Street analysts as opposed to a Hold rating from Seeking Alpha’s Quant Rating system.