To Infinity and BYND? What to Expect From Beyond Meat's Earnings Report
Beyond Meat , the IPO that caught everyone's attention is reporting earnings after the bell Thursday.
The company had the most successful IPO in over two decades after it priced around $25 but its first trade was nearly double that, at $46.
However, similarly to Uber or Lyft , the company is not profitable.
Analysts polled by Factset expect that company to post a loss per share of 15 cents.
"With expectations high, we maintain our Hold on BYND ahead of co.'s 1Q earnings report on Thursday.
We expect few surprises in the quarter as the company provided recent outlook in April; however, given broad-based business momentum, expectations of a [McDonald's ] win, and positive recent news flow, we believe the market widely expects an upward revision to BYND's outlook," wrote Jeffries analysts in a note looking ahead to Beyond's earnings.
So, what should investors or potential investors watch when the popular plant-based company reports earnings?
There are a few simple things to keep an eye on: the path to profitability, the company's plan to expand and stay competitive.
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