We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
SodaStream (SODA) at a 52-Week High on Strong Q3 Results
Read MoreHide Full Article
On Nov 14, shares of SodaStream International Ltd. rallied to a 52-week high of $34.16. The stock pulled back to end the trading session at $32.80. The Israel-based manufacturer of home beverage carbonation systems has a market cap of around $692.2 million and has seen its shares rise roughly 105.5% so far this year as against a 7.5% increase for the S&P 500 over the same period.
What’s Driving SodaStream?
Recently, the company reported impressive third-quarter 2016 results, beating the Zacks Consensus Estimate on both counts. The company’s adjusted earnings of 69 cents per share crushed the Zacks Consensus Estimate of 24 cents by 187.5%. Earnings increased a robust 213.6% on a year-over-year basis as well.
Total revenue of $124.2 million beat the Zacks Consensus Estimate of $117.7 million by 5.5%. Sales rose 12.9% year over year on increased demand for sparkling water makers and consumables mainly in Germany, Japan, Australia, the Nordics, the U.S. and Canada.
The top-line increase was supported by repositioning of the SodaStream brand around sparkling water coupled with effective marketing programs aimed at increasing household penetration. Notably, SodaStream has reported three consecutive quarters of double-digit revenue growth.
The growing popularity of sparkling water is driving this rally, as SodaStream’s cost effective beverage carbonation systems help consumers transform ordinary tap water into soft drinks and sparkling water easily. Sparkling water maker unit sales rose 23% to 788,000 in the third quarter.
Also, during the third quarter, the company’s home carbonation system was used to produce more sparkling water than any other brand worldwide, which resulted in a quarterly record of 7.7 million gas refills. SodaStream’s products are primarily sold at major retail stores like Kohl’s, Corp. (KSS - Free Report) , Macy’s, Inc. (M - Free Report) and Bed Bath & Beyond, Inc. .
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
SodaStream (SODA) at a 52-Week High on Strong Q3 Results
On Nov 14, shares of SodaStream International Ltd. rallied to a 52-week high of $34.16. The stock pulled back to end the trading session at $32.80. The Israel-based manufacturer of home beverage carbonation systems has a market cap of around $692.2 million and has seen its shares rise roughly 105.5% so far this year as against a 7.5% increase for the S&P 500 over the same period.
What’s Driving SodaStream?
Recently, the company reported impressive third-quarter 2016 results, beating the Zacks Consensus Estimate on both counts. The company’s adjusted earnings of 69 cents per share crushed the Zacks Consensus Estimate of 24 cents by 187.5%. Earnings increased a robust 213.6% on a year-over-year basis as well.
Total revenue of $124.2 million beat the Zacks Consensus Estimate of $117.7 million by 5.5%. Sales rose 12.9% year over year on increased demand for sparkling water makers and consumables mainly in Germany, Japan, Australia, the Nordics, the U.S. and Canada.
The top-line increase was supported by repositioning of the SodaStream brand around sparkling water coupled with effective marketing programs aimed at increasing household penetration. Notably, SodaStream has reported three consecutive quarters of double-digit revenue growth.
The growing popularity of sparkling water is driving this rally, as SodaStream’s cost effective beverage carbonation systems help consumers transform ordinary tap water into soft drinks and sparkling water easily. Sparkling water maker unit sales rose 23% to 788,000 in the third quarter.
Also, during the third quarter, the company’s home carbonation system was used to produce more sparkling water than any other brand worldwide, which resulted in a quarterly record of 7.7 million gas refills. SodaStream’s products are primarily sold at major retail stores like Kohl’s, Corp. (KSS - Free Report) , Macy’s, Inc. (M - Free Report) and Bed Bath & Beyond, Inc. .
SODASTREAM INTL Price and Consensus
SODASTREAM INTL Price and Consensus | SODASTREAM INTL Quote
SodaStream sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>