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Vita Coco Company, Inc. (COCO) Increases Despite Market Slip: Here's What You Need to Know
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Vita Coco Company, Inc. (COCO - Free Report) ended the recent trading session at $59.17, demonstrating a +2.05% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 0.03% for the day. On the other hand, the Dow registered a loss of 0.31%, and the technology-centric Nasdaq increased by 0.01%.
Prior to today's trading, shares of the company had lost 7.68% lagged the Consumer Staples sector's loss of 3.55% and the S&P 500's gain of 0.53%.
Analysts and investors alike will be keeping a close eye on the performance of Vita Coco Company, Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.51, reflecting a 27.5% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $233.73 million, indicating a 28.2% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.95 per share and a revenue of $802.63 million, indicating changes of +63.87% and +31.63%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Vita Coco Company, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.76% lower within the past month. Vita Coco Company, Inc. is holding a Zacks Rank of #4 (Sell) right now.
Looking at valuation, Vita Coco Company, Inc. is presently trading at a Forward P/E ratio of 29.77. This denotes a premium relative to the industry average Forward P/E of 17.1.
It is also worth noting that COCO currently has a PEG ratio of 1.1. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Beverages - Soft drinks industry had an average PEG ratio of 1.58.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 196, this industry ranks in the bottom 21% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Vita Coco Company, Inc. (COCO) Increases Despite Market Slip: Here's What You Need to Know
Vita Coco Company, Inc. (COCO - Free Report) ended the recent trading session at $59.17, demonstrating a +2.05% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 0.03% for the day. On the other hand, the Dow registered a loss of 0.31%, and the technology-centric Nasdaq increased by 0.01%.
Prior to today's trading, shares of the company had lost 7.68% lagged the Consumer Staples sector's loss of 3.55% and the S&P 500's gain of 0.53%.
Analysts and investors alike will be keeping a close eye on the performance of Vita Coco Company, Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.51, reflecting a 27.5% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $233.73 million, indicating a 28.2% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.95 per share and a revenue of $802.63 million, indicating changes of +63.87% and +31.63%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Vita Coco Company, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.76% lower within the past month. Vita Coco Company, Inc. is holding a Zacks Rank of #4 (Sell) right now.
Looking at valuation, Vita Coco Company, Inc. is presently trading at a Forward P/E ratio of 29.77. This denotes a premium relative to the industry average Forward P/E of 17.1.
It is also worth noting that COCO currently has a PEG ratio of 1.1. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Beverages - Soft drinks industry had an average PEG ratio of 1.58.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 196, this industry ranks in the bottom 21% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.