Beyond Meat (BYND) reported a quarterly loss of $0.47 per share, missing the Zacks Consensus Estimate of a loss of $0.41. This represents an earnings surprise of -14.63%. The plant-based meat company posted revenues of $70.22 million, beating estimates by 1.93%. Shares have dropped 63% this year.

Investors are wondering about Beyond Meat’s future performance. The company’s earnings outlook and estimate revisions will play a key role. The current Zacks Rank for the stock is #3 (Hold). Analysts expect a loss of -$0.43 per share for the next quarter and -$1.91 for the current fiscal year.

Hormel Foods (HRL), in the same industry, is expected to report a 23.8% decrease in quarterly earnings. Revenue is forecasted to increase by 1.8% to $3.2 billion. The consensus EPS estimate has been revised 10.5% lower in the last 30 days. Investors should monitor industry trends for stock performance.

Read more at Nasdaq: Beyond Meat (BYND) Reports Q3 Loss, Tops Revenue Estimates