Explore The Market There is a lot to chew over with the Beyond Meat stock forecast right now. Analysts polled by Refinitiv had expected $101.4 million.īrown said growth should resume this year, in part as Beyond Meat executes on partnerships with McDonald's Corp (MCD.N) and KFC (YUM.N) and launches a new product line with PepsiCo Inc (PEP.O) in coming weeks - which Brown said he was snacking on during the call. 23:10 (UTC), 13 January 2022 Updated The Beyond Meat stock forecast is mixed. Net revenue was $100.7 million in the quarter, compared with $101.9 million a year earlier. Maple Leaf Chief Operating Officer Curtis Frank said during an earnings call that many consumers tried plant-based proteins early on but did not repeat purchases.īeyond Meat posted a larger than expected loss of $1.27 per share in the fourth quarter, versus estimates for a loss of 71 cents, as it spent heavily on marketing and incurred high manufacturing costs due to supply chain disruptions. Those remarks echoed comments made by rival Maple Leaf Foods Inc (MFI.TO), parent of Lightlife Foods, earlier on Thursday. "We experienced intense increased competition during the period when the size of the prize did not expand," he said. retail sales in the plant-based meat category fell 0.4% last year versus 45% growth in 2020, Beyond Meat Chief Executive Officer Ethan Brown said during an earnings call.
#BEYOND MEAT STOCK FORECAST 2022 TRIAL#
Rivals including Tyson Foods (TSN.N) and Kellogg (K.N) recently entered the fray with big discounts to get more people to trial their products.
:max_bytes(150000):strip_icc()/bynd1-74f33704d7c94fe19b75229b923a942e.jpg "beyond meat stock forecast 2022")
grocers, convenience stores and other retailers declined 19.5% in the fourth quarter ended Dec. The California-based company said it expects revenue of $560 million to $620 million for 2022, compared with estimates of $637.3 million, according to Refinitiv IBES data. 2022 net revenues are expected to be in the range of approximately 400 million to 425 million, representing a decrease of approximately 14 to 9 compared to. "We are not yet sure who is right - Beyond Meat or Maple Leaf Foods - but when we hear commentary like this, it's hard to be completely confident about the future of the category," Goldman wrote.Feb 24 (Reuters) - Beyond Meat Inc forecast annual revenue below estimates on Thursday, hitting its share price, as it faced stiffer competition amid flat demand for plant-based protein.
#BEYOND MEAT STOCK FORECAST 2022 FULL#
(NASDAQ: BYND) (Beyond Meat or the Company), a leader in plant-based meat, today reported financial results for its fourth quarter and full year ended December 31, 2021. What In The World Is Going On With Beyond Meat (BYND) Stock - Beyond Meat (NASDAQ:BYND) 3 days ago. Morgan's Ken Goldman quoted Maple Leaf Foods CEO Michael McCain, who told investors last week that the company is seeing a "marked slowdown" in the plant-based protein category, which could suggest a shift from the high growth rates expected by the industry. The Company estimates that Beyond Meat Jerky, which was introduced in the first quarter of 2022, further reduced gross profit and gross margin by approximately 7.7 million and 6.7 percentage points, respectively. 24, 2022 (GLOBE NEWSWIRE) - Beyond Meat, Inc. by market cap and its sales are forecast to rise by 27.5 to 593 million in 2022. CEO Ethan Brown told investors that the problems were largely short term. Vegan growth stocks, such as Beyond Meat (BYND) and Oatly (OTLY). "We view the results as further evidence that Beyond's business is reaching market saturation faster than expected and that the company has deeper problems that won't be easy to fix," Credit Suisse analyst Robert Moskow wrote in a note.īeyond blamed a number of factors for its weak quarter, including severe weather, the delta variant and restaurants' labor challenges. ’s 20 jump Thursday stung traders betting against the fake-meat company and set them up for a short squeeze that could lead to even steeper losses. Jefferies called it "the quarter that likely broke the camel's back." Bernstein analyst Alexia Howard downgraded the stock, telling investors to not buy the dip. Personal Loans for 670 Credit Score or Lower
Those figures are down from previous estimates of 470 million to 520 million just last. The forecast for the further price development, based on current price information, is 0.00 (time horizon: 1 day) and results in a price target of 11.07. The 12 analysts offering 12-month price forecasts for Beyond Meat Inc have a median target of 12.00, with a high estimate of 15.00 and a low estimate of. Beyond Meat also revised its 2022 revenue guidance in October to a range of 470 million-520 million. Personal Loans for 580 Credit Score or Lower The last closing price of the Beyond Meat share was 11.07 and has changed by 0.00 since the penultimate trading day.
0 kommentar(er)
