Published on 10 Apr 2024 on Zacks via Yahoo Finance
Celsius Holdings Inc. (CELH) Laps the Stock Market: Here's Why
In the latest trading session, Celsius Holdings Inc. (CELH) closed at $84.64, marking a +1% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.15%. On the other hand, the Dow registered a loss of 0.02%, and the technology-centric Nasdaq increased by 0.32%.
Prior to today's trading, shares of the company had lost 1.77% over the past month. This has lagged the Consumer Staples sector's loss of 0.99% and the S&P 500's gain of 1.65% in that time.
Investors will be eagerly watching for the performance of Celsius Holdings Inc. in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.20, marking a 53.85% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $390.22 million, indicating a 50.12% growth compared to the corresponding quarter of the prior year.