Celsius Holdings, Inc. (NASDAQ:CELH) is reporting third quarter financial results on Thursday 12th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, CELH is expected to report 3Q20 income of $ 0.02 per share from revenue of $ 33.00 million.
For the full year, analysts anticipate top line of $ 125.20 million, while looking forward to income of $ 0.08 per share bottom line.
Previous Quarter Performance
Celsius Holdings, Inc. posted income for the second quarter of $ 0.02 per share, from the revenue of $ 30.04 million. The quarterly revenues up 86.35 percent compared with the same quarter last year. Street analysts expected Celsius Holdings, Inc. to report loss of $ 0.01 per share on revenue of $ 24.21 million for the second quarter. The bottom line results beat street analysts by $ 0.03 or 300.00 percent, at the same time, top line results outshined analysts by $ 5.83 million or 24.08 percent.
Stock Performance
Shares of Celsius Holdings, Inc. traded up $ 0.82 or 3.42 percent on Wednesday, reaching $ 24.77 with volume of 923.90 thousand shares. Celsius Holdings, Inc. has traded high as $ 24.84 and has cracked $ 23.80 on the downward trend
The closing price of $ 24.77, representing a 643.79 % increase from the 52 week low of $ 3.22 and a 10.5 % decrease over the 52 week high of $ 26.76.
The company has a market capital of $ 1.77 billion and is part of the Consumer Defensive sector and Beverages – Soft Drinks industry.
Conference Call
Celsius Holdings, Inc. will be hosting a conference call at 10:00 AM eastern time on 12th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 877-709-8150 (United States) or 201-689-8354 (International) in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.celsiusholdingsinc.com
Celsius Holdings, Inc. develops, markets, distributes, and sells functional calorie-burning fitness beverages in the United States and internationally. The company offers its beverages in various flavors, including carbonated orange, wild berry, cola, grape, kiwi-guava, and watermelon; and non-carbonated green tea raspberry/acai, green tea/peach mango, pineapple coconut, watermelon berry, and strawberries and cream, as well as sparkling grapefruit, cucumber lime, and orange pomegranate under the Celsius name.
