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Celsius Holdings Inc. (CELH), a company specializing in nutritional functional foods and beverages, has seen significant stock recovery despite a challenging market. The company, which produces its products in Mooresville, North Carolina, and Monroe, Wisconsin, experienced a reduction in stock price from over $90 to near $21 earlier this year before reporting earnings 27% above expectations.
In the last sixty days, five analysts raised their earnings estimates, boosting the Zacks Consensus Estimate for the current year from $0.87 to $1.05 and next year’s estimate from $1.01 to $1.18. Current year earnings growth is projected at 50%, with revenue growth expected to reach 55%, totaling approximately $2.51 billion next year. The stock is currently trading at 35.6x earnings and 7.08x sales.
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