We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Vita Coco Company, Inc. (COCO) Stock Moves -0.27%: What You Should Know
Read MoreHide Full Article
Vita Coco Company, Inc. (COCO - Free Report) closed the most recent trading day at $29.85, moving -0.27% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.97%. At the same time, the Dow lost 1.69%, and the tech-heavy Nasdaq lost 2.7%.
Prior to today's trading, shares of the company had lost 7.08% over the past month. This has lagged the Consumer Staples sector's gain of 1.27% and the S&P 500's loss of 2.79% in that time.
The investment community will be paying close attention to the earnings performance of Vita Coco Company, Inc. in its upcoming release. The company is expected to report EPS of $0.22, down 8.33% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $126.06 million, up 12.86% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.13 per share and a revenue of $570.13 million, representing changes of +5.61% and +10.49%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Vita Coco Company, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.82% lower. Vita Coco Company, Inc. presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Vita Coco Company, Inc. is currently trading at a Forward P/E ratio of 26.45. This expresses a premium compared to the average Forward P/E of 19.04 of its industry.
Investors should also note that COCO has a PEG ratio of 1.65 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Beverages - Soft drinks industry had an average PEG ratio of 2.64.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 79, this industry ranks in the top 32% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Vita Coco Company, Inc. (COCO) Stock Moves -0.27%: What You Should Know
Vita Coco Company, Inc. (COCO - Free Report) closed the most recent trading day at $29.85, moving -0.27% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.97%. At the same time, the Dow lost 1.69%, and the tech-heavy Nasdaq lost 2.7%.
Prior to today's trading, shares of the company had lost 7.08% over the past month. This has lagged the Consumer Staples sector's gain of 1.27% and the S&P 500's loss of 2.79% in that time.
The investment community will be paying close attention to the earnings performance of Vita Coco Company, Inc. in its upcoming release. The company is expected to report EPS of $0.22, down 8.33% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $126.06 million, up 12.86% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.13 per share and a revenue of $570.13 million, representing changes of +5.61% and +10.49%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Vita Coco Company, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.82% lower. Vita Coco Company, Inc. presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Vita Coco Company, Inc. is currently trading at a Forward P/E ratio of 26.45. This expresses a premium compared to the average Forward P/E of 19.04 of its industry.
Investors should also note that COCO has a PEG ratio of 1.65 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Beverages - Soft drinks industry had an average PEG ratio of 2.64.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 79, this industry ranks in the top 32% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.