Can Beyond Meat Go Above and BYND After Earnings?
To infinity and beyond?
Beyond Meat (BYND) has been one of the most successful IPO's this year.
And, with the company's first earnings report as a public company coming up, can it exceed analyst expectations?
Here's what analysts expect from the report.
Analysts polled by FactSet expect that company to post a loss per share of 15 cents.
"With expectations high, we maintain our Hold on BYND ahead of co.'s 1Q earnings report on Thursday. We expect few surprises in the quarter as the company provided recent outlook in April; however, given broad-based business momentum, expectations of a [McDonald's (MCD) ] win, and positive recent news flow, we believe the market widely expects an upward revision to BYND's outlook," wrote Jeffries analysts in a note looking ahead to Beyond's earnings.
And Jeff Marks, senior portfolio analyst with Jim Cramer's Action Alerts PLUS investing club, said that he's watching the partnerships that the company has and, most importantly, sales, since the company is not yet profitable.
Related. Wait on Taking an Equity Stake in Beyond Meat
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