Beyond Meat (BYND) sells plant-based meat in the U.S and now internationally including Europe and China. Sales have grown from $88 million in 2018 to $298 million in 2019, and are estimated to hit $490 million in 2020.
May 2020 - Analyst BTIG gives Beyond Meat (BYND) a $173 Price Target - https://stockstobuy.org/stock-news/f/beyond-meat-bynd-price-target---173
May 2020 - Beyond Meat (BYND) stock hits $147 a week after the company reported blow out earnings - https://investors.beyondmeat.com/news-releases/news-release-details/beyond-meatr-reports-first-quarter-2020-financial-results
May 2020 – CNBC's Jim Cramer says that "Going against Beyond Meat is going against history." https://stockstobuy.org/stock-news/f/jim-cramer-beyond-meat-bynd-next-amazon-and-facebook
May 2020 – Beyond Meat (BYND) CEO Ethan Brown is laser-focused on growth and gaining market share - https://www.youtube.com/watch?v=9gcH6M6qvk8
Beyond Meat (BYND) Estimated Sales, EPS, and Price Target Predictions
2020 - 490M - $0.22 - $150 Price Target - Met June 8, 2020
2021 - 785M - $0.76 - $240 Price Target
2022 - 1.20B - $1.37 - $310 Price Target
2023 - 1.65B - $2.10 - $425 Price Target
2024 - 2.25B - $2.75 - $500 Price Target
Past Earnings Results vs Estimates
Q3 2020 - Estimate - $0.05
Q3 2020 - Estimate - $132.2m
Earnings Due Out November 9, 2020
Q2 2020 - (-$0.02) EPS vs (-$0.04) expected - caused a rally from $125-$200
Q2 2020 - $113.1m vs $98.8m expected
Q1 2020 - $0.03 EPS vs (-$0.06) expected - caused a rally from $100-$147
Q1 2020 - $97.1m vs $86.5m expected
Q4 2019 - (-0.01EPS) vs $0.01 EPS expected
Q4 2019 - $98.5m vs $77.34m expected
Q3 2019 - $0.06 EPS vs $0.03 expected
Q3 2019 - $92m vs $82.2m expected
Q2 2019 - (-$0.24) EPS vs (-$0.08) expected
Q2 2019 - $67.25m vs $52.7m expected
Q1 2019 - (-$0.14) EPS vs (-$0.15) expected
Q1 2019 - $40.2m vs $38.9m expected
https://investors.beyondmeat.com/events-and-presentations
Beyond Meat (BYND) is a stock I started buying in late 2019 after the IPO bubble popped and shares dropped below $100. Plant-based meat has a massive TAM (total addressable market) and we are only at the very beginning of the growth cycle.
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