Beyond Meat Inc reports results for the quarter ended June 30 - Earnings Summary

• Beyond Meat Inc BYND reported a quarterly adjusted loss of 40 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -53 cents. The mean expectation of eight analysts for the quarter was for a loss of 37 cents per share. Wall Street expected results to range from -39 cents to -35 cents per share.

• Revenue fell 19.6% to $74.96 million from a year ago; analysts expected $82.01 million.

• Beyond Meat Inc's reported EPS for the quarter was a loss of 43 cents​.

• The company reported a quarterly loss of $33.16 million.

• Beyond Meat Inc shares had fallen by 11.2% this quarter and lost 17.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 6 "hold" and 5 "sell" or "strong sell." The average consensus recommendation for the food processing peer group is "buy."

• Wall Street's median 12-month price target for Beyond Meat Inc is $2.78, about 5% below its last closing price of $2.92

This summary was machine generated from LSEG data August 6 at 11:23 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)