Alternative meats company Beyond Meat Inc (NASDAQ:BYND) will release fourth-quarter earnings at 5 p.m. EST on Thursday, as investors and analysts wonder if the company can survive past this year.
Street estimates from Zacks put quarterly revenues at $78.4 million, which would mean a 22.1% yearly decline from the same quarter last year.
Once a fan-favorite, Beyond Meat is struggling to “make ends meat.” Shares have enjoyed a small revival since the beginning of the year, currently up 36% since Jan. 1, to reach $16.8 at the time of this writing.
But the company has seen better times. The stock peaked at $234 shortly after going public in 2019. From mid-2020 to mid-2021, shares gravitated between $125 and $195, averaging prices of about 10x the current price.
Since July 2021, Beyond Meat shares have lost 88.6% of their value.
At its current cash burn and without new financing, Beyond Meat might not make it past …
