Beyond Meat (BYND)-After-hours report on Wednesday, November 10
$Beyond Meat (BYND.US)$ Wall Street expects Beyond Meat to lose 38 cents per share on revenue of $110.19 million. In contrast, the revenue for the same period last year was 94.44 million U.S. dollars, and the loss per share was 28 cents.
Is it time to buy some Beyond Meat stocks? The plant-based meat giant has lost some vitality in the past six months, falling by about 18%, while the S&P 500 index has risen by nearly 12% during this period.
The stock's decline is the result of a combination of many factors. In addition to concerns about valuations and growing concerns about emerging competitive threats, the company is also dealing with rising wages and supply chain shortages, which affected its once-hot growth rate. But if the company's recent cooperation with McDonald's (MCD) is successful, it may soon be helped.
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