New Age Beverage Corporation (NBEV - Free Report) closed at $5.94 in the latest trading session, marking a -1.33% move from the prior day. This move was narrower than the S&P 500's daily loss of 2.06%. At the same time, the Dow lost 2.13%, and the tech-heavy Nasdaq lost 1.25%.
Prior to today's trading, shares of the company had gained 260.48% over the past month. This has outpaced the Consumer Staples sector's loss of 2.85% and the S&P 500's loss of 3.01% in that time.
Wall Street will be looking for positivity from NBEV as it approaches its next earnings report date. This is expected to be November 13, 2018. In that report, analysts expect NBEV to post earnings of -$0.09 per share. This would mark a year-over-year decline of 350%. Our most recent consensus estimate is calling for quarterly revenue of $13.54 million, down 10.01% from the year-ago period.
Investors might also notice recent changes to analyst estimates for NBEV. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. NBEV is holding a Zacks Rank of #4 (Sell) right now.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 189, which puts it in the bottom 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NBEV in the coming trading sessions, be sure to utilize Zacks.com.