InvestorPlace: Beyond Meat Stock Needs Earnings Power to Soar Again
Peter Ricchiuti, senior professor of practice and research director of the Burkenroad Reports program, was interviewed by InvestorPlace for an Earnings Preview story on plant-based meat maker Beyond Meat, whose stock rose 59.5% between Jan. 1 and Feb. 24.
Peter Ricchiuti, clinical finance professor at the A. B. Freeman School of Business at Tulane University, says PBM “growth prospects are enormous,” but he adds that rubber needs to meet the road when it comes to Beyond Meat’s ability to grow earnings.
“Ultimately, the trajectory of the stock will be a function of the company’s earnings power,” Ricchiuti said in an email to InvestorPlace. “So investors will ‘bet on the come’ for a while, but eventually, this excitement and growth needs to appear as earnings per share in order to get all but the most speculatively money managers into the stock.”
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