Beyond Meat Inc. (BYND) PT Lowered to $54 at JPMorgan
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Beyond Meat (BYND) Shares Plunge 20% on Extremely Disappointing Q3 Results, Bernstein Downgrades to MP While Oppenheimer Urges Investors to Avoid Stock
November 11, 2021 6:57 AM ESTBeyond Meat (NASDAQ: BYND) shares are down 20% after the company again disappointed investors with its quarterly performance.
Beyond Meat reported Q3 EPS of ($0.87), a big miss compared to the analyst estimate of ($0.39). Revenue for the quarter came in at $106.4 million again lower than the consensus estimate of $109.2 million.
Beyond Meat is calling for Q4 revenue of $85 million to $110 million, much worse compared to the consensus of $131.6 million.
Our third quarter results reflect variability as we saw a decline from record... More
