Beyond Meat (NASDAQ: BYND), the leading maker of plant-based meat substitutes, is slated to report its fourth-quarter and full-year 2020 results on Thursday, Feb. 25, after the market close. An earnings call is scheduled to follow at 5 p.m. EST.
Investors will probably be approaching the release with more apprehension than usual. Last quarter, the company’s revenue and earnings both fell considerably short of Wall Street’s consensus estimates. Shares plunged nearly 17% the next day.
Indeed, big stock price moves following quarterly earnings releases are par for the course for Beyond Meat. After it released second-quarter results, its shares dropped nearly 7%, probably due to earnings “only” meeting expectations. Revenue, however, easily surpassed the consensus estimate. And after first-quarter results came out, shares soared 26%, thanks to both revenue and earnings crushing expectations.