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Vita Coco Company, Inc. (COCO) Rises Higher Than Market: Key Facts
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Vita Coco Company, Inc. (COCO - Free Report) closed the most recent trading day at $52.01, moving +1.78% from the previous trading session. This change outpaced the S&P 500's 0.86% gain on the day. Elsewhere, the Dow saw an upswing of 0.98%, while the tech-heavy Nasdaq appreciated by 0.96%.
Prior to today's trading, shares of the company had lost 21.64% lagged the Consumer Staples sector's loss of 1.32% and the S&P 500's loss of 1.96%.
Investors will be eagerly watching for the performance of Vita Coco Company, Inc. in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.51, marking a 27.5% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $233.73 million, indicating a 28.2% upward movement from the same quarter last year.
COCO's full-year Zacks Consensus Estimates are calling for earnings of $1.96 per share and revenue of $802.62 million. These results would represent year-over-year changes of +64.71% and +31.62%, respectively.
Investors should also note any recent changes to analyst estimates for Vita Coco Company, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Vita Coco Company, Inc. is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, Vita Coco Company, Inc. is presently being traded at a Forward P/E ratio of 26.04. Its industry sports an average Forward P/E of 17.84, so one might conclude that Vita Coco Company, Inc. is trading at a premium comparatively.
Meanwhile, COCO's PEG ratio is currently 0.96. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Beverages - Soft drinks industry currently had an average PEG ratio of 1.69 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 172, positioning it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow COCO in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Vita Coco Company, Inc. (COCO) Rises Higher Than Market: Key Facts
Vita Coco Company, Inc. (COCO - Free Report) closed the most recent trading day at $52.01, moving +1.78% from the previous trading session. This change outpaced the S&P 500's 0.86% gain on the day. Elsewhere, the Dow saw an upswing of 0.98%, while the tech-heavy Nasdaq appreciated by 0.96%.
Prior to today's trading, shares of the company had lost 21.64% lagged the Consumer Staples sector's loss of 1.32% and the S&P 500's loss of 1.96%.
Investors will be eagerly watching for the performance of Vita Coco Company, Inc. in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.51, marking a 27.5% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $233.73 million, indicating a 28.2% upward movement from the same quarter last year.
COCO's full-year Zacks Consensus Estimates are calling for earnings of $1.96 per share and revenue of $802.62 million. These results would represent year-over-year changes of +64.71% and +31.62%, respectively.
Investors should also note any recent changes to analyst estimates for Vita Coco Company, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Vita Coco Company, Inc. is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, Vita Coco Company, Inc. is presently being traded at a Forward P/E ratio of 26.04. Its industry sports an average Forward P/E of 17.84, so one might conclude that Vita Coco Company, Inc. is trading at a premium comparatively.
Meanwhile, COCO's PEG ratio is currently 0.96. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Beverages - Soft drinks industry currently had an average PEG ratio of 1.69 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 172, positioning it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow COCO in the coming trading sessions, be sure to utilize Zacks.com.