Celsius Holdings Inc reports results for the quarter ended March 31 - Earnings Summary

• Celsius Holdings Inc CELH.OQ reported quarterly adjusted earnings of 18 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 27 cents. The mean expectation of seventeen analysts for the quarter was for earnings of 19 cents per share. Wall Street expected results to range from 16 cents to 24 cents per share.

• Revenue fell 7.4% to $329.28 million from a year ago; analysts expected $344.03 million.

• Celsius Holdings Inc's reported EPS for the quarter was 15 cents​.

• The company reported quarterly net income of $34.42 million.

• Celsius Holdings Inc shares had fallen by 4.9% this quarter and gained 28.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 16.4% in the last three months.​

• In the last 30 days, six analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 5 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the non-alcoholic beverages peer group is also "buy"

• Wall Street's median 12-month price target for Celsius Holdings Inc is $44.50

This summary was machine generated from LSEG data May 6 at 10:28 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)