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What to Expect From Beyond Meat's Q2 Earnings Today



Analysts' expectations

Beyond Meat (BYND) plans to report its second-quarter earnings today after markets close. For the quarter, analysts expect the company's revenue to rise above 200%. However, analysts believe the company will incur a net loss during the quarter.

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BYND to report a net loss [19659002] Analysts forecast Beyond Meat's net loss to come down in the second quarter. For the quarter, the company's net loss is projected to come at $ 4.5 million or a loss of $ 0.09 per share. In comparison, the company's net loss was $ 7.4 million in the corresponding quarter of 2018.

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Valuation multiple and analysts' recommendations

We have considered the forward EV-to-sales multiple for analysis. As on July 26, the company was trading at a forward EV-to-sales multiple of 48.9x. In comparison, peers, Tyson Foods, Conagra Brands, General Mills, and Mondelēz International were trading at a forward PE multiple of 0.93x, 2.28x, 2.72x, and 3.68x, respectively

Beyond Meat is still in growth phase, and has a considerable scope to expand. In May, Barclays' analysts projected the alternative meat market to reach $ 140 billion over the next decade.

Prior to its second-quarter earnings, analysts favor a "hold" rating for Beyond Meat. All eight analysts who follow the company have given it a "hold" rating. On average, the analysts' price target for BYND stands at $ 115.67, and falls to 50.8% from its current stock price


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