Beyond Meat shares: what to expect from Q2 results
Beyond Meat is expected to see increased capex spend and pandemic-induced disruptions weigh on earnings.
When is Beyond Meat’s earnings date?
Beyond Meat, the food company that offers plant-based meat, is expected to release earnings on 5 August 2021. The scheduled results will cover the group's second-quarter (Q2) and half-year earnings.
Beyond Meat results preview: what does the Street expect?
While Beyond Meat’s comparative quarter (Q2 2020) benefitted from a surge in sales as pandemic induced fears equated to bulk buying of products, the most recent quarter (Q2 2021) is expected to see supply chain disruptions amidst increased capital investment in product promotions having negatively affected group earnings.
In turn, a high base of comparison meets an increased cost-based to keep earnings firmly within a loss-making territory.
In terms of the upcoming results, a mean of analyst estimates compiled by Refinitiv data arrive at the following:
- Revenue: $140.77 million (+24.2% year on year)
- Earnings before interest, taxes, depreciation and amortisation (EBITDA): -$10.84 million
- Loss per share: $0.23 (+10.87% year on year)
How to trade Beyond Meat results
A Refinitiv poll of analyst ratings has a long-term consensus rating of ‘hold’ for Beyond Meat, with a target price of $128.64. The current price trading relatively close to the longer-term analyst target suggests that the company currently trades near to what is deemed fair value.
Beyond Meat share price: technical analysis
The Beyond Meat share price has been trading in a broad range for the last nine months, with the lower level of support of this range at 102.00 and the upper level of resistance at 158.20.
In the near term, we see the price falling towards the 117.20 level. A close below this level would consider 102.00 the next downside support target from the move. Should the 117.20 level not be broken, and a bullish reversal manifests instead (supported by a sharp move out of oversold territory), 143.00 would become the favoured upside resistance target from the move.
- Beyond Meat is scheduled to release Q2 2021 results on 5 August 2021
- Revenue of $140.77 million is expected for the quarter
- A loss per share of $0.23 is expected for the quarter
- The average broker rating for Beyond Meat is ‘hold’
- The mean of analyst price targets suggest $128.64 as long-term fair value
- The share price of Beyond Meat continues to trade within a broad range, between levels 102.00 and 158.20
IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.
The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. Please see important Research Disclaimer.
Please also note that the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.
Seize a share opportunity today
Go long or short on thousands of international stocks.
- Increase your market exposure with leverage
- Get spreads from just 0.1% on major global shares
- Trade CFDs straight into order books with direct market access
Live prices on most popular markets