Celsius poised to report ‘positive’ revenue surprise in Q1, says Roth MKM

Roth MKM analyst Sean McGowan made no change to the firm’s Buy rating or $110 price target on Celsius Holdings (CELH). The firm expects a "positive" revenue surprise in Q1, as retail takeaway suggests better sales than what is already embedded in consensus estimates, gross margins should continue to show improvement, and operating expenses should reflect benefits of the Pepsi (PEP) partnership, the analyst tells investors in a research note.