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Celsius Holdings Before Q2 Earnings: To Buy or Not to Buy?

Celsius Holdings, Inc. (NASDAQ: CELH) is likely to register top and bottom-line growth when it comes out with second-quarter 2024 earnings on Aug 6. The Zacks Consensus Estimate for revenues is pegged at $388.87 million, which indicates a 19.3% increase from the year-ago period. The consensus mark for earnings has dropped by a penny in the past 30 days to 23 cents per share, which implies 35.3% growth from the year-ago quarter's figure. CELH has a trailing four-quarter earnings surprise of 55.7%, on average. Celsius Holdings Inc. Price and EPS Surprise Celsius Holdings Inc. price-eps-surprise | Celsius Holdings Inc. Quote What the Zacks Model Unveils Our proven model doesn't conclusively predict an earnings beat for Celsius Holdings this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here. Celsius Holdings has an Earnings ESP of -6.65%, and it currently carries a Zacks Rank #5 (Strong Sell). Factors to Note Celsius Holdings is likely to have benefited from favorable consumer demand for energy drinks. The company's commitment to innovate and come ...