Celsius Stock Jumps Ahead of Earnings, Conference Presentation | Global News Avenue

Shares of energy beverage manufacturer Celsius Holdings (Celh) jumped Wednesday morning before the company’s latest earnings report and executive speeches at the meeting.

Although there are no clear economic reasons, such as new earnings reports or regulatory documents, the move is consistent with analysts’ ideas about the company.

Despite a 65% decline in the past 12 months, analysts remain bullish on the stock. The brokers tracked by Visible Alpha has eight “buy” and four “hold” ratings with an average target of $38.91, more than 70% above Celsius’ closing price on Tuesday.

After Tuesday’s bell, Sails said it will announce its fourth-quarter results Thursday afternoon. The company also announced that three of its executives will be presented on Friday morning in a panel of consumer analysts at the New York conference. Analysts expect sales for the quarter to be $325.5 million and earnings per share of $0.15, according to estimates compiled by Visible Alpha.

Celsius stocks are nearby Wednesday morning at 5% and entered a day near its lowest point since July 2022.