Celsius Holdings, Inc. (NASDAQ:CELH) to Post Q3 2024 Earnings of $0.13 Per Share, Roth Capital Forecasts

Celsius Holdings, Inc. (NASDAQ:CELH) – Equities research analysts at Roth Capital decreased their Q3 2024 earnings per share estimates for shares of Celsius in a research report issued to clients and investors on Thursday, September 5th. Roth Capital analyst S. Mcgowan now forecasts that the company will earn $0.13 per share for the quarter, down from their prior estimate of $0.19. The consensus estimate for Celsius’ current full-year earnings is $1.00 per share. Roth Capital also issued estimates for Celsius’ Q4 2024 earnings at $0.20 EPS, FY2024 earnings at $0.88 EPS, Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.27 EPS, Q3 2025 earnings at $0.22 EPS, FY2025 earnings at $1.02 EPS, Q1 2026 earnings at $0.30 EPS, Q2 2026 earnings at $0.34 EPS and FY2026 earnings at $1.27 EPS.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.05. The company had revenue of $402.00 million during the quarter, compared to analysts’ expectations of $391.07 million. Celsius had a return on equity of 94.75% and a net margin of 19.58%. Celsius’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 EPS.

Other equities analysts have also recently issued research reports about the company. Maxim Group decreased their price objective on Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a report on Thursday. Bank of America decreased their price objective on Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a report on Thursday. Morgan Stanley restated an “equal weight” rating and issued a $50.00 price objective on shares of Celsius in a report on Tuesday, August 20th. Piper Sandler decreased their price objective on Celsius from $65.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday. Finally, BNP Paribas began coverage on Celsius in a report on Monday, June 24th. They set an “outperform” rating and a $87.00 price target for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $58.71.

Celsius Price Performance

Shares of NASDAQ CELH opened at $32.03 on Friday. The stock has a market capitalization of $7.47 billion, a price-to-earnings ratio of 35.20, a PEG ratio of 1.57 and a beta of 1.90. The business has a 50-day moving average of $46.16 and a 200-day moving average of $66.95. Celsius has a fifty-two week low of $31.66 and a fifty-two week high of $99.62.

Institutional Investors Weigh In On Celsius

Hedge funds have recently bought and sold shares of the stock. Transcendent Capital Group LLC acquired a new stake in Celsius during the fourth quarter worth approximately $25,000. FinTrust Capital Advisors LLC acquired a new stake in Celsius during the first quarter worth approximately $25,000. Tidemark LLC acquired a new stake in shares of Celsius in the fourth quarter valued at approximately $29,000. Heritage Wealth Advisors boosted its stake in shares of Celsius by 200.0% in the fourth quarter. Heritage Wealth Advisors now owns 552 shares of the company’s stock valued at $30,000 after buying an additional 368 shares during the period. Finally, S.A. Mason LLC bought a new stake in shares of Celsius in the second quarter valued at approximately $30,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Celsius Company Profile

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.