JUMP REPORT
| Avg Daily Volume: 8,099,646 Market Cap: 10.03B Sector: None Short Interest: 9.79 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.08/share REV: 52.71/M
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LAST QTR: EPS: -.15/share ACTUAL: -.14/share (BEAT)
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NEXT QTR: EPS: .02/share REV: 69.13/M
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FULL YR: EPS: -.27/share REV: 223.9/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: NA% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) NO HISTORY
POTENTIAL JUMP MOVE: 10-12%
Links To Latest News and Headlines
The maker of plant-based meat substitutes released preliminary results for the third quarter, warning that its growth would fall far short of its forecast. Beyond Meat said in a press release that the company was reducing its third-quarter net revenue outlook after reviewing its preliminary results. This marks a sharp deceleration from the company’s recent growth rate.
The shares of Beyond Meat are down by roughly 14% over the past 24 hours after the company lowered its third-quarter revenue outlook following some operational setbacks.
Shares of Beyond Meat Inc. shares slid 14% Friday toward their lowest level since April of 2020, after the maker of plant-based substitute meat products issued a revenue warning for the third quarter, citing a range of issues including the highly transmissible delta variant of the coronavirus.
The maker of faux meat expects quarterly net revenue of about $106 million, compared with its prior forecast of $120 million to $140 million.
Beyond Meat Inc (NASDAQ: BYND) is trading significantly lower Friday after the company updated its third-quarter outlook and lowered guidance. Beyond Meat lowered its quarterly revenue guidance from a range of $120 million to $140 million to $106 million versus the estimate of $133.11 million. The company previously expected a decline in net revenues, but the deceleration was larger than anticipated, citing multiple factors contributing to the shortfall during the third quarter. Beyond Meat said
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