Beyond Meat (BYND) will report fiscal third quarter results and its third report as a publicly traded company this afternoon.
Shares are down more than 50% since its last report as the hype around the co seems to have died down.
Analysts are looking for Q3 adj EPS of $0.04 with revenue up 217% to $83.35 mln.
The company has guided for positive EBITDA on revenue exceeding $240 mln ($88 mln in 2018). The company will have to handily exceed estimates on the top line because analysts are expecting FY19 revenue of $267 mln.
The stock surged 400%+ in the first 3 months following its IPO as it announced new products and partners for distribution. Beyond Meat announced Beyond. Blue Apron started carrying the Beyond Burger month. There also is chatter that Mcdonald's is interested in selling its products.
TECHS:
BYND has an approximate $6 bln market value, and still trades at an astronomical ~22x sales multiple vs. the average for protein producers at 1x sales and the average for consumer packaged goods stocks at less than 4x sales.
As of October 15, 18% of the float is sold short.
If you liked this content please click the ❤️ below and/or share it!
TOTALLY FREE Trading Packet!
Click here to get my packet that shows you how I traded $600 into $100K FOR FREE.
This packet will explain to you in depth how I trade and how I manage my risk.
I am happy to share this. Just use the code KPAKFRAUD at checkout and you will get it TOTALLY FREE. You will pay absolutely nothing.
SHAMLESS PLUG
Check out the latest episode from my podcast below.
If you'd like to follow my trades in real time click the "Join Now" button at the bottom of the page. For those that will and have asked, use the code 1ST on checkout for a discount with no commitment beyond one month.