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Vita Coco Company, Inc. (COCO) Stock Dips While Market Gains: Key Facts
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In the latest trading session, Vita Coco Company, Inc. (COCO - Free Report) closed at $55.97, marking a -1.82% move from the previous day. This change lagged the S&P 500's 0.73% gain on the day. Elsewhere, the Dow gained 0.49%, while the tech-heavy Nasdaq added 1.19%.
Heading into today, shares of the company had gained 3.5% over the past month, outpacing the Consumer Staples sector's loss of 6.84% and the S&P 500's gain of 0.55%.
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. Meanwhile, our latest consensus estimate is calling for revenue of $233.73 million, up 28.2% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.95 per share and a revenue of $802.63 million, signifying shifts of +63.87% and +31.63%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Vita Coco Company, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business 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, 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. Within the past 30 days, our consensus EPS projection has moved 0.76% lower. Vita Coco Company, Inc. presently features a Zacks Rank of #4 (Sell).
With respect to valuation, Vita Coco Company, Inc. is currently being traded at a Forward P/E ratio of 29.27. This expresses a premium compared to the average Forward P/E of 17.27 of its industry.
One should further note that COCO currently holds a PEG ratio of 1.08. 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. As the market closed yesterday, the Beverages - Soft drinks industry was having an average PEG ratio of 1.66.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 196, positioning it in the bottom 21% of all 250+ industries.
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 follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Vita Coco Company, Inc. (COCO) Stock Dips While Market Gains: Key Facts
In the latest trading session, Vita Coco Company, Inc. (COCO - Free Report) closed at $55.97, marking a -1.82% move from the previous day. This change lagged the S&P 500's 0.73% gain on the day. Elsewhere, the Dow gained 0.49%, while the tech-heavy Nasdaq added 1.19%.
Heading into today, shares of the company had gained 3.5% over the past month, outpacing the Consumer Staples sector's loss of 6.84% and the S&P 500's gain of 0.55%.
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. Meanwhile, our latest consensus estimate is calling for revenue of $233.73 million, up 28.2% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.95 per share and a revenue of $802.63 million, signifying shifts of +63.87% and +31.63%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Vita Coco Company, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business 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, 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. Within the past 30 days, our consensus EPS projection has moved 0.76% lower. Vita Coco Company, Inc. presently features a Zacks Rank of #4 (Sell).
With respect to valuation, Vita Coco Company, Inc. is currently being traded at a Forward P/E ratio of 29.27. This expresses a premium compared to the average Forward P/E of 17.27 of its industry.
One should further note that COCO currently holds a PEG ratio of 1.08. 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. As the market closed yesterday, the Beverages - Soft drinks industry was having an average PEG ratio of 1.66.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 196, positioning it in the bottom 21% of all 250+ industries.
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 follow all of these stock-moving metrics, and many more, on Zacks.com.