Celsius (CELH) to Report Earnings Tomorrow: Here’s What to Expect

Energy drink company Celsius (NASDAQ:CELH) is set to report earnings tomorrow morning. Here’s what to watch for.

Celsius missed analysts’ revenue expectations by 8.8% in its latest quarter, posting revenue of $355.7 million, up 36.8% year over year. It was a strong quarter for the company, with an impressive beat on analysts’ earnings estimates.

Is Celsius a Buy or Sell for Profit? Read our full analysis here, it’s free.

Analysts are expecting Celsius revenue to rise 20.5% year over year to $392.7 million for the quarter, a slowdown from the 112% increase seen in the same quarter last year. Adjusted earnings are expected to come in at $0.24 per share.

Analysts covering the company have generally reaffirmed their estimates over the past 30 days, suggesting they expect the company to maintain its course toward earnings. Celsius has missed Wall Street revenue estimates twice in the past two years.

Looking at Celsius’ competitors in the beverage and alcohol segment, some have already reported second-quarter results, giving us a hint of what to expect. Coca-Cola reported year-over-year revenue growth of 2.9%, beating analysts’ expectations of 4.8%, and Constellation Brands reported revenue growth of 5.8%, in line with consensus estimates. Coca-Cola saw a 1.6% increase following the results, while Constellation Brands’ share price remained unchanged.

Read our full analysis of Coca-Cola’s results here and Constellation Brands’ results here.

Investor sentiment in the beverage and alcohol segment is positive, with shares up an average of 4% over the past month. Celsius is down 23.6% in the same time frame and is heading for profits with an average analyst price target of $72.50 (compared to the current share price of $42.84).

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