SodaStream International Ltd. makes beverage carbonation systems which transforms tap water into soft drinks and sparkling water.
The growing popularity of sparkling water is driving SodaStream, as its cost-effective beverage carbonation systems help consumers transform ordinary tap water into soft drinks and sparkling water.
Investors should also note that earnings estimate has been stable ahead of this earnings release. Also, the stock has an impressive earnings history. SODA delivered positive earnings surprise in all of the past four quarters, bringing the average positive earnings surprise to 103.93%.
Currently, SODA has a Zacks Rank #3 (Hold), but that could definitely change following SodaStream’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: SODA beats earnings estimate by 17.6%. The Zacks Consensus Estimate for earnings called for EPS of 74 cents/share, and the company reported EPS of 87 cents instead. Earnings per share increased 26.1% year over year.
Revenues: SODA reported revenues of $139.8 million. This beat the consensus estimate of $135.1 million. Revenue increased 12.6% on a year over year basis.
Key Stats to Note: Revenues from sparkling water maker starter kits increased 17.2% on a year over year basis.
Share Price Impact: Shares were up 7.5% in pre-market trading at the time of writing.
Check back later for our full write up on this SODA earnings report later.
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It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
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SodaStream (SODA) Surpasses Q3 Earnings & Sales Estimates
SodaStream International Ltd. makes beverage carbonation systems which transforms tap water into soft drinks and sparkling water.
The growing popularity of sparkling water is driving SodaStream, as its cost-effective beverage carbonation systems help consumers transform ordinary tap water into soft drinks and sparkling water.
Investors should also note that earnings estimate has been stable ahead of this earnings release. Also, the stock has an impressive earnings history. SODA delivered positive earnings surprise in all of the past four quarters, bringing the average positive earnings surprise to 103.93%.
Currently, SODA has a Zacks Rank #3 (Hold), but that could definitely change following SodaStream’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: SODA beats earnings estimate by 17.6%. The Zacks Consensus Estimate for earnings called for EPS of 74 cents/share, and the company reported EPS of 87 cents instead. Earnings per share increased 26.1% year over year.
SodaStream International Ltd. Price and EPS Surprise
SodaStream International Ltd. Price and EPS Surprise | SodaStream International Ltd. Quote
Revenues: SODA reported revenues of $139.8 million. This beat the consensus estimate of $135.1 million. Revenue increased 12.6% on a year over year basis.
Key Stats to Note: Revenues from sparkling water maker starter kits increased 17.2% on a year over year basis.
Share Price Impact: Shares were up 7.5% in pre-market trading at the time of writing.
Check back later for our full write up on this SODA earnings report later.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>