CELH 9515 344 376
IBD 50 Energy Drink Stock Gets A Jolt After 108 Profit Growth
This fitness beverage stock gets energized and is climbing to a buy.
Shares of energy drink company Celsius (NASDAQ:CELH) jumped 14% in the morning session after the company reported fourth-quarter earnings that topped Wall Street estimates.
CELH reported earnings per share of 15 cents, beating the consensus estimate of 10 cents. Revenue came in at $126 million, slightly ahead of the estimate of $125 million.
The company said that its sales growth was driven by strong demand for its Celsius energy drink and its new CELSIUS HEAT product. Celsius energy drink sales rose 18% in the quarter, while CELSIUS HEAT sales surged 108%.
Celsius Holdings Inc. (CELH) is a global beverage company that develops, produces, markets, and sells a portfolio of proprietary branded energy drinks, functional beverages, and dietary supplements. The Company's products are sold in the United States, Canada, Europe, Asia, and the Middle East.
The company's stock has been on a tear in recent months, climbing more than 50% since the beginning of the year. The stock's strong performance has been fueled by the company's impressive financial results and its positive outlook for the future.
Analysts are bullish on CELH stock, with many predicting that the stock will continue to climb in the coming months. The stock is currently trading at around $100 per share, and analysts have set a price target of $120 per share.
If you're looking for a growth stock with a lot of upside potential, CELH is a stock that you should consider adding to your portfolio.
Comments