Celsius Holdings, Inc. reports results for the quarter ended September 30 - Earnings Summary

• Celsius Holdings, Inc. reported quarterly adjusted earnings of 41 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 42 cents. The mean expectation of twenty two analysts for the quarter was for earnings of 35 cents per share. Wall Street expected results to range from 30 cents to 42 cents per share.

• Revenue rose 16.8% to $847.23 million from a year ago; analysts expected $796.01 million.

• Celsius Holdings, Inc.'s reported EPS for the quarter was 39 cents​.

• The company reported quarterly net income of $99.53 million.

• Celsius Holdings, Inc. shares had risen by 12.4% this quarter and lost 32.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 10.9% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the non-alcoholic beverages peer group is also "buy"

• Wall Street's median 12-month price target for Celsius Holdings, Inc. is $40.00, about 23.1% above its last closing price of $30.75

This summary was machine generated from LSEG data November 5 at 02:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)