Beyond Meat has massive growth but Punished $bynd
Maybe on a different day the post earnings move may have gone the other direction.
Would not be surprised to see it rally today after a very deep retrace.
$105 is the critical level.
Short interest 24%
Earnings highlights, Source SeekingAlpha
Beyond Meat (NASDAQ:BYND) reports revenue jumped 212% to 98.5M in Q4.
Gross profit soared to 34.0% sales vs. 25.0% a year ago off the sales leverage.
Net income was -0.5M vs. -7.5M a year ago.
Adjusted EBITDA arrived at 9.5M vs. -3.8M last year and the consensus mark of 5.8M.
Looking ahead, Beyond Meat anticipates FY20 revenue of 490M to 510M vs. 486M consensus and adjusted EBITDA as a percentage of revenue close to the 2019 level. Gross margin is seen landing in a range of 33% to 35% for the full year.
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