* Beyond Meat Inc reported a quarterly adjusted loss of 41 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $-1.09. The mean expectation of eleven analysts for the quarter was for a loss of 44 cents per share. Wall Street expected results to range from -48 cents to -39 cents per share.
* Revenue rose 7.6% to $81.01 million from a year ago; analysts expected $80.71 million.
* Beyond Meat Inc's reported EPS for the quarter was a loss of 41 cents.
* The company reported a quarterly loss of $26.58 million.
* Beyond Meat Inc shares had fallen by 2.9% this quarter and lost 26.1% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 3.2% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 7 "hold" and 6 "sell" or "strong sell."
* The average consensus recommendation for the food processing peer group is also "hold"
Wall Street's median 12-month price target for Beyond Meat Inc is $6.00 This summary was machine generated from LSEG data November 7 at 05:21 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 -0.44 -0.41 Beat
Jun. 30 2024 -0.51 -0.53 Missed
Mar. 31 2024 -0.67 -0.72 Missed
Dec. 31 2023 -0.88 -0.92 Missed