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Since its IPO back in May, beyond meat has taken the market by storm.

It has been one of the most successful IPO's.

So, ahead of its first earnings report, which will be released after the bell Thursday, June 6, let's take a look at its first month as a public company and the three metrics to watch when the company reports...

It originally priced at around $25 a share, but its first trade was nearly double that at $46 a share...

And by the time the market closed on its first day of trading, it was up over 163%.

The company has a market cap of a whopping $6.2 billion

But don't let those numbers shock you too much...

Similar to Uber or Lyft, Beyond Meat is not a profitable company..

In fact, Factset analysts expect the company to post a loss of 15 cents a share

And yet, the company is up nearly 300% from its IPO

So, what should investors eyeing the company look for in the earnings report? Food service momentum will be really important, according to Jeffries analysts.

And another thing to watch will be how beyond plans to improve its distribution in the U.S....

Currently, according to the company website, beyond meat says that it's available in over 15,000 locations including restaurants such as del taco, TGI Fridays, and Tim Horton's

But beyond meat has a long list of competitors that include Impossible, Hormel, Tofurkey and Tyson...

And impossible foods, which is currently a private company, has an impressive list of partners, too, including Red Robin, Burger King, and Little Caesars.

In fact, partnerships are one of the major things that Jeffries analysts will be watching after the company reports. More specifically, analysts will be listening to see if beyond and McDonalds are in talks to partner up since the fast-food giant doesn't currently have a plant-based burger in the U.S.....

So investors should keep an eye on what Beyond has to say about future partnerships, its path to profitability and how it'll compete with its competitors...

Beyond Meat (BYND) , the IPO that caught everyone's attention is reporting earnings after the bell Thursday. 

The company had the most successful IPO in over two decades after it priced around $25 but its first trade was nearly double that, at $46. 

However, similarly to Uber (UBER) or Lyft (LYFT) , the company is not profitable. 

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 - Get Report) ] 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. 

"With Nielsen data showing sequential acceleration, recent news flow positive (e.g., Tim Hortons, manufacturing agreement in Europe), and food service showing clear momentum, there is a widely held view that [Beyond's] guidance is too conservative," continued Jeffries. 

So, what should investors or potential investors watch when the popular plant-based company reports earnings? 

There are a few simple things to keep an eye on: the path to profitability, the company's plan to expand and stay competitive. 

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