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) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
In the latest trading session, Vita Coco Company, Inc. (COCO - Free Report) closed at $80.90, marking a +2.86% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.5%. Elsewhere, the Dow gained 0.7%, while the tech-heavy Nasdaq added 0.31%.
Shares of the company witnessed a gain of 2.89% over the previous month, beating the performance of the Consumer Staples sector with its gain of 1.95%, and the S&P 500's loss of 0.23%.
The investment community will be closely monitoring the performance of Vita Coco Company, Inc. in its forthcoming earnings report. The company is predicted to post an EPS of $0.56, indicating a 47.37% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $204.65 million, indicating a 21.27% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.76 per share and a revenue of $740.04 million, representing changes of +47.9% and +21.36%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Vita Coco Company, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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, there's been no change in the Zacks Consensus EPS estimate. Vita Coco Company, Inc. currently has a Zacks Rank of #2 (Buy).
From a valuation perspective, Vita Coco Company, Inc. is currently exchanging hands at a Forward P/E ratio of 44.62. This valuation marks a premium compared to its industry average Forward P/E of 17.7.
It is also worth noting that COCO currently has a PEG ratio of 1.89. 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. The average PEG ratio for the Beverages - Soft drinks industry stood at 2.07 at the close of the market yesterday.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 84, this industry ranks in the top 35% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Vita Coco Company, Inc. (COCO) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Vita Coco Company, Inc. (COCO - Free Report) closed at $80.90, marking a +2.86% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.5%. Elsewhere, the Dow gained 0.7%, while the tech-heavy Nasdaq added 0.31%.
Shares of the company witnessed a gain of 2.89% over the previous month, beating the performance of the Consumer Staples sector with its gain of 1.95%, and the S&P 500's loss of 0.23%.
The investment community will be closely monitoring the performance of Vita Coco Company, Inc. in its forthcoming earnings report. The company is predicted to post an EPS of $0.56, indicating a 47.37% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $204.65 million, indicating a 21.27% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.76 per share and a revenue of $740.04 million, representing changes of +47.9% and +21.36%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Vita Coco Company, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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, there's been no change in the Zacks Consensus EPS estimate. Vita Coco Company, Inc. currently has a Zacks Rank of #2 (Buy).
From a valuation perspective, Vita Coco Company, Inc. is currently exchanging hands at a Forward P/E ratio of 44.62. This valuation marks a premium compared to its industry average Forward P/E of 17.7.
It is also worth noting that COCO currently has a PEG ratio of 1.89. 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. The average PEG ratio for the Beverages - Soft drinks industry stood at 2.07 at the close of the market yesterday.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 84, this industry ranks in the top 35% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.