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 estimates for 2018 have 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 61.44%.
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 44.9%. The Zacks Consensus Estimate for earnings called for EPS of 78 cents/share, and the company reported EPS of $1.13 instead. Earnings per share increased 58% year over year.
Revenues: SODA reported revenues of $157.7 million. This beat the consensus estimate of $152.1 million. Revenue increased 19.6% on a year over year basis.
Key Stats to Note: Revenues from sparkling water maker starter kits increased 26.1% on a year over year basis.
Share Price Impact: Shares were up 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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