Celsius Holdings Inc. (CELH) has released its Q3 2024 earnings, revealing a revenue of $265.75 million. When we Celh Compare this figure to the same quarter last year, a 30.9% decrease is evident. The Earnings Per Share (EPS) also saw a significant downturn, landing at $0.00, a stark contrast to the $0.30 reported in the previous year.
This financial performance places Celsius slightly below Wall Street’s expectations. The Zacks Consensus Estimate had projected a revenue of $266.13 million, making the reported figure a -0.14% surprise. The EPS performance was even more pronounced against expectations, with a -100.00% surprise compared to the consensus estimate of $0.05 EPS.
While year-over-year changes and comparisons to analyst predictions are crucial for investors, a deeper dive into key performance metrics provides a more nuanced understanding of the company’s financial health. These metrics are vital indicators that drive overall revenue and earnings, and examining them against past performance and analyst forecasts offers valuable insights into the stock’s potential trajectory.
Let’s analyze Celsius’s Q3 2024 performance across key metrics that are closely monitored by Wall Street analysts:
Geographic Revenue Metrics: A Detailed Comparison
A significant aspect of understanding Celsius’s earnings is to celh compare its revenue across different geographic regions. Here’s a breakdown:
- North America: Reported revenue for North America was $247.13 million. This falls short of the $275.96 million estimated by analysts. The year-over-year change for this region is -33.4%, indicating a considerable contraction in revenue generation within its primary market.
- International Revenue: Celsius’s international markets brought in $18.60 million. This is slightly below the analyst consensus of $19.22 million.
- Asia-Pacific Region: The Asia-Pacific region generated $0.59 million in revenue, significantly lower than the $1.41 million expected by analysts. This region experienced a substantial year-over-year decline of -52.4%, suggesting challenges in growth or market penetration in Asia-Pacific.
- Other Regions: Revenue from other regions stood at $1.79 million, outperforming the $1.59 million analyst estimate. This category showed positive year-over-year growth of +38%, indicating some strength in these smaller markets.
- Europe: European revenues reached $16.24 million, slightly below the $16.84 million consensus estimate. However, Europe demonstrated robust year-over-year growth of +47.2%, highlighting Europe as a strong growth area for Celsius despite missing estimates slightly in this quarter.
Stock Performance and Analyst Ratings
Despite the earnings report revealing revenue and EPS declines and misses in some key metrics compared to analyst expectations, Celsius Holdings Inc. stock has shown positive momentum recently. Over the past month, CELH shares have returned +10.4%, outperforming the Zacks S&P 500 composite’s modest +0.7% change.
Currently, Celsius holds a Zacks Rank #3 (Hold). This ranking suggests that the stock is expected to perform in line with the broader market in the near future. Investors often use Zacks Rank to gauge the potential short-term performance of stocks.
Conclusion: Analyzing CELH Performance
In conclusion, Celsius Holdings’ Q3 2024 earnings reveal a complex picture. While the company experienced year-over-year declines in revenue and EPS and slightly missed overall analyst revenue expectations, a more granular celh compare analysis shows varied performance across geographic regions. North America, its largest market, faced significant headwinds, while Europe showed strong growth. Despite some metrics falling short of expectations, the stock’s recent performance indicates investor optimism, possibly driven by factors beyond just this quarter’s results. The Zacks Rank #3 suggests a neutral outlook, implying that investors should closely monitor Celsius’s performance in upcoming quarters to understand if it can overcome current challenges and capitalize on growth opportunities, particularly in expanding markets like Europe. For more detailed analysis and recommendations, investors are encouraged to review the full reports available from Zacks Investment Research and Celsius Holdings Inc.
