Celsius Holdings Inc reports results for the quarter ended June 30 - Earnings Summary

• Celsius Holdings Inc CELH.OQ reported quarterly adjusted earnings of 47 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 28 cents. The mean expectation of nineteen analysts for the quarter was for earnings of 23 cents per share. Wall Street expected results to range from 19 cents to 31 cents per share.

• Revenue rose 83.9% to $739.26 million from a year ago; analysts expected $651.53 million.

• Celsius Holdings Inc's reported EPS for the quarter was 33 cents​.

• The company reported quarterly net income of $85.69 million.

• Celsius Holdings Inc shares had fallen by 7.9% this quarter and gained 62.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 10.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 4 "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 $54.00, about 20.9% above its last closing price of $42.74

This summary was machine generated from LSEG data August 7 at 03:58 p.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)