Bull of the Day: Celsius (CELH)

Over the last month and a half, the market has been nothing short of harrowing. Tech and energy have been hit the hardest, while there have been very few places to hide. The more defensive stocks have hung in there a bit better. Sometimes though, even stocks in the safest corners of the market get smacked down. Maybe it’s the high beta, maybe it’s the growth, but either way, it still happens.Today’s Bull of the Day is a stock that is well off 2024 highs, but has recovered nicely in the face of all this market pressure. I’m talking about Zacks Rank #1 (Strong Buy) Celsius (CELH). Celsius Holdings specializes in commercializing healthier, nutritional functional foods, beverages and dietary supplements. The company markets Celsius, the calorie burner, while selling its products through grocery, drug, convenience, club and mass, and health and fitness channels. The Company's products are produced in Mooresville, North Carolina, and Monroe, Wisconsin.The reason for the favorable Zacks rank is that earnings estimates continue to move in one direction, to the upside. Over the course of the last sixty days, five analysts have increased their earnings estimates. Next year has seen 4 estimate increases. The bullish moves have pushed up our Zacks Consensus Estimate for the current year from 87 cents to $1.05 while next year’s number is up from $1.01 to $1.18.Image Source: Zacks Investment ResearchThat sets current year earnings growth at 50% with next year’s in at 13%. Looking over at the revenue side of things, current year revenue growth sits up at 55%, a monster number no matter how you look at it. Next year’s number is expected to swell another 19% to $2.51 billion. Those numbers mean Celsius is currently trading at 35.6x earnings and 7.08x sales.Estimates haven’t always been on this trajectory. Looking back into early 2024, those numbers came crashing down. While the year-over-year growth remained intact, they were all trending in the wrong direction. That caused the stock to plummet from over $90 to lows near $21 before the company’s last earnings report. That report came in 27% better than expectations. 5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Celsius Holdings Inc. (CELH): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks