Celsius Forecasts 91.2% Q4 Revenue Growth After 173% Q3 Surge
Celsius posted Q3 revenue of $725.1 million, up 173% year-over-year, and beat analysts’ EPS and EBITDA forecasts. Analysts expect Q4 revenue growth of 91.2% year-over-year after a 4.4% drop last year, with the average price target at $64 compared with the current $51.07.
1. Q3 Performance Overview
Celsius delivered Q3 revenue of $725.1 million, representing a 173% year-on-year increase, while surpassing both EPS and EBITDA projections for the quarter.
2. Q4 Revenue Expectations
For Q4, sales are forecast to climb 91.2% year-on-year after a 4.4% decline in the same quarter last year, with analysts reconfirming estimates over the past 30 days.
3. Peer Comparisons and Sector Sentiment
Vita Coco reported flat year-on-year revenue with a 6.2% beat and Boston Beer saw a 4.1% revenue decline; the beverages segment rose 3.7% on average last month while Celsius shares fell 6.5%.
4. Analyst Price Outlook
Analysts set an average price target of $64 versus the current $51.07, noting Celsius has missed revenue estimates multiple times over the past two years despite recent beats.