Celsius Holdings Inc. (CELH) Stock Falls Amid Market Uptick: What Investors Need to Know

In the latest trading session, Celsius Holdings Inc. (CELH) closed at $34.33, marking a -3.24% move from the previous day. This change lagged the S&P 500's 0.72% gain on the day. Elsewhere, the Dow gained 0.48%, while the tech-heavy Nasdaq added 1.16%.

Shares of the company witnessed a loss of 24.69% over the previous month, trailing the performance of the Consumer Staples sector with its loss of 11.15%, and the S&P 500's loss of 4.99%.

Investors will be eagerly watching for the performance of Celsius Holdings Inc. in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.29, showcasing a 61.11% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $746.98 million, up 126.85% from the year-ago period.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.56 per share and a revenue of $3.35 billion, signifying shifts of +16.42% and +33.12%, respectively, from the last year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Celsius Holdings Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.08% higher. Currently, Celsius Holdings Inc. is carrying a Zacks Rank of #3 (Hold).

Digging into valuation, Celsius Holdings Inc. currently has a Forward P/E ratio of 22.72. Its industry sports an average Forward P/E of 13.57, so one might conclude that Celsius Holdings Inc. is trading at a premium comparatively.

Also, we should mention that CELH has a PEG ratio of 1.21. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Food - Miscellaneous was holding an average PEG ratio of 2.45 at yesterday's closing price.

The Food - Miscellaneous industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 209, positioning it in the bottom 15% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

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This article originally published on Zacks Investment Research (zacks.com).

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