Two equity analysts following Beyond Meat had rather different expectations for 2022, after the company reported its full-year 2021 financial results last month.
“A case of us liking the product but not necessarily the stock,” was how J.P. Morgan analyst Kenneth Goldman opened his analysis of Beyond Meat’s 2022 prospects, after the company again reported rocky financial results for the full year 2021 in February.
Goldman lowered his financial estimates for Beyond for 2022, dropping his projection for top-line revenues to $584 million from $668 million previously, and earnings (before interest, taxes, depreciation and amortization) to a loss of $161 million in…
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