Beyond Meat (BYND) Scheduled to Post Earnings on Wednesday

Beyond Meat (NASDAQ:BYND) will post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Beyond Meat to post earnings of ($0.45) per share for the quarter. Beyond Meat has set its FY 2024 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

Beyond Meat (NASDAQ:BYND) last announced its earnings results on Wednesday, August 7th. The company reported ($0.53) earnings per share (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 analyst estimates of $87.81 million. During the same quarter last year, the firm earned ($0.83) earnings per share. The business’s revenue was down 8.8% on a year-over-year basis. 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 Down 0.8 %

NASDAQ BYND opened at $6.04 on Tuesday. The company has a 50-day moving average price of $6.36 and a 200-day moving average price of $6.61. Beyond Meat has a 52 week low of $5.13 and a 52 week high of $12.12.

Analyst Ratings Changes

BYND has been the topic of several recent research reports. Mizuho decreased their price target on shares of Beyond Meat from $6.00 to $5.00 and set an “underperform” rating on the stock in a research report on Monday, August 26th. BMO Capital Markets decreased their target price on Beyond Meat from $9.00 to $6.00 and set a “market perform” rating on the stock in a report on Thursday, August 8th. Four analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $5.42.

About Beyond Meat

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.