Celsius Holdings Q1 2024 GAAP EPS $0.27 Beats $0.18 Estimate, Sales $355.708M Miss $389.861M Estimate
Portfolio Pulse from Benzinga Newsdesk
Celsius Holdings (NASDAQ:CELH) reported Q1 2024 earnings of $0.27 per share, surpassing the $0.18 estimate, marking a 107.69% increase from last year. However, their sales of $355.708M fell short of the $389.861M estimate, despite being a 36.84% increase from the previous year.
May 07, 2024 | 11:14 am
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Celsius Holdings reported a significant earnings beat but missed on sales forecasts for Q1 2024, with earnings per share at $0.27 and sales at $355.708M.
The significant beat on earnings per share (EPS) is likely to positively impact investor sentiment and the stock price in the short term, despite the miss on sales estimates. The substantial year-over-year growth in both earnings and sales highlights the company's strong performance and may outweigh the negative impact of not meeting sales expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100