Monday, October 28, 2019

Beyond Meat Beats, Stock Sags (BYND)

Word order very important in headlines.
From Yahoo Finance:

Beyond Meat earnings beat expectations, boosts guidance
Beyond Meat (BYND) reported its first profit as a public company and beat on both the top and bottom lines during its third quarter. The company also raised its guidance for the full year.
Here were the numbers for Beyond Meat’s third quarter, compared to estimates compiled by Bloomberg:
  • Revenue: $92 million vs. $82.24 million expected
  • Adj. earnings per share: 6 cents vs. 4 cents expected
  • Adj. EBITDA: $11 million vs. $6.77 million expected
The alternative-protein maker boosted its full-year revenue guidance and expects between $265 million to $275 million. Wall Street was expecting $262 million for the full year. The company also sees full-year adjusted EBITA of $20 million, better than estimates for $14.3 million....
....MORE

Do those numbers seem small? They seem small. They're small.

From the company:
Beyond Meat® Reports Third Quarter 2019 Financial Results

After trading up on anticipation the stock is down on reality.

$105.41 +$4.60 (+4.56%)


$98.22 -$7.19 (-6.82%)
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