BYND - Beyond Meat Earnings: Is a Stock Feeding Frenzy or Famine Coming?
Beyond Meat (NASDAQ: BYND) is slated to report its fourth quarter and full-year 2019 results on Thursday, Feb. 27, after the market close. The release will be followed by an analyst conference call at 4:30 p.m. EST.
The maker of plant-based beef and sausage substitutes is heading toward its release on a solid note. Last quarter, it easily surpassed Wall Street's consensus estimates by posting a profit of $0.06 per share on revenue of $92 million. Analysts had been looking for EPS of $0.03 on revenue of $82.2 million. (The stock dropped 22.2% on the day following the earnings release, Oct. 29, but we can attribute that to the expiration of the lock-up period for insiders, which means that they were allowed to begin selling their shares on that day.)
Moreover, Beyond Meat stock is up 53.7% in 2020 through Friday, Feb. 14, making the S&P 500's respectable 4.8% return over this period look like mere crumbs. (Below is a stock chart since the company's May 2019 initial public offering, or IPO.) With this type of recent beefy gain and its lofty stock valuation -- the forward price-to-earnings ratio is 283 -- Beyond Meat needs to deliver on fourth quarter results and 2020 guidance if it doesn't want its stock to be pummeled.