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Why Vita Coco Company, Inc. (COCO) Outpaced the Stock Market Today
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In the latest close session, Vita Coco Company, Inc. (COCO - Free Report) was up +2.99% at $47.91. The stock's performance was ahead of the S&P 500's daily gain of 2.91%. Meanwhile, the Dow experienced a rise of 2.49%, and the technology-dominated Nasdaq saw an increase of 3.83%.
Shares of the company witnessed a loss of 14.56% over the previous month, trailing the performance of the Consumer Staples sector with its loss of 11.18%, and the S&P 500's loss of 7.64%.
The investment community will be paying close attention to the earnings performance of Vita Coco Company, Inc. in its upcoming release. The company is forecasted to report an EPS of $0.34, showcasing a 9.68% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $148.88 million, indicating a 13.72% increase compared to the same quarter of the previous year.
COCO's full-year Zacks Consensus Estimates are calling for earnings of $1.58 per share and revenue of $698.51 million. These results would represent year-over-year changes of +32.77% and +14.55%, respectively.
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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Vita Coco Company, Inc. boasts a Zacks Rank of #3 (Hold).
With respect to valuation, Vita Coco Company, Inc. is currently being traded at a Forward P/E ratio of 29.4. This denotes a premium relative to the industry average Forward P/E of 18.28.
Also, we should mention that COCO has a PEG ratio of 1.46. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. COCO's industry had an average PEG ratio of 1.46 as of yesterday's close.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 167, positioning it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Why Vita Coco Company, Inc. (COCO) Outpaced the Stock Market Today
In the latest close session, Vita Coco Company, Inc. (COCO - Free Report) was up +2.99% at $47.91. The stock's performance was ahead of the S&P 500's daily gain of 2.91%. Meanwhile, the Dow experienced a rise of 2.49%, and the technology-dominated Nasdaq saw an increase of 3.83%.
Shares of the company witnessed a loss of 14.56% over the previous month, trailing the performance of the Consumer Staples sector with its loss of 11.18%, and the S&P 500's loss of 7.64%.
The investment community will be paying close attention to the earnings performance of Vita Coco Company, Inc. in its upcoming release. The company is forecasted to report an EPS of $0.34, showcasing a 9.68% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $148.88 million, indicating a 13.72% increase compared to the same quarter of the previous year.
COCO's full-year Zacks Consensus Estimates are calling for earnings of $1.58 per share and revenue of $698.51 million. These results would represent year-over-year changes of +32.77% and +14.55%, respectively.
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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Vita Coco Company, Inc. boasts a Zacks Rank of #3 (Hold).
With respect to valuation, Vita Coco Company, Inc. is currently being traded at a Forward P/E ratio of 29.4. This denotes a premium relative to the industry average Forward P/E of 18.28.
Also, we should mention that COCO has a PEG ratio of 1.46. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. COCO's industry had an average PEG ratio of 1.46 as of yesterday's close.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 167, positioning it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.