SodaStream International Ltd. (SODA - Free Report) 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 121.24%.
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 25.5%. The Zacks Consensus Estimate for earnings called for EPS of 51 cents/share, and the company reported EPS of 64 cents instead. Earnings per share increased 74% year over year.
SodaStream International Ltd. Price and EPS Surprise
Revenues: SODA reported revenues of $130.6 million. This beat the consensus estimate of $129.2 million. Revenue increased 10% on a year over year basis.
Key Stats to Note: Revenues from sparkling water maker starter kits increased 20.1% on a year over year basis.
Share Price Impact: Shares were up 2.2% in pre-market trading at the time of writing.
Check back later for our full write up on this VMC earnings report later!
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