Celsius (CELH) Reports Earnings Tomorrow. What To Expect

Max Juang /
2024/02/28 2:01 am EST

Energy drink company Celsius (NASDAQ:CELH) will be reporting results tomorrow before market hours. Here's what to look for.

Last quarter Celsius reported revenues of $384.8 million, up 104% year on year, beating analyst revenue expectations by 9.4%. It was an incredible quarter for the company, with an impressive beat of analysts' earnings estimates.

Is Celsius buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Celsius's revenue to grow 86.2% year on year to $331.5 million, improving on the 70.7% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.18 per share.

Celsius Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company only missed Wall St's revenue estimates once over the last two years, and has on average exceeded top line expectations by 11.6%.

Looking at Celsius's peers in the beverages and alcohol segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Molson Coors delivered top-line growth of 6.1% year on year, beating analyst estimates by 0.4% and Zevia PBC reported revenues up 6.9% year on year, exceeding estimates by 1.2%. Molson Coors traded flat on the results, and Zevia was down 1.9%.

Read our full analysis of Molson Coors's results here and Zevia PBC's results here.

Investors in the beverages and alcohol segment have had steady hands going into the earnings, with the stocks up on average 1.9% over the last month. Celsius is up 33.5% during the same time, and is heading into the earnings with analyst price target of $69.4, compared to share price of $67.9.

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