New Age Beverage Corporation (NBEV - Free Report) closed at $4.23 in the latest trading session, marking a -1.63% move from the prior day. This change lagged the S&P 500's daily loss of 0.63%. At the same time, the Dow lost 0.43%, and the tech-heavy Nasdaq lost 1.04%.
Prior to today's trading, shares of the company had lost 49.71% over the past month. This has lagged the Consumer Staples sector's loss of 0.26% and the S&P 500's loss of 6.28% 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. The company is expected to report EPS of -$0.09, down 350% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.54 million, down 10.01% from the year-ago period.
Any recent changes to analyst estimates for NBEV should also be noted by investors. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. NBEV is currently a Zacks Rank #3 (Hold).
The Beverages - Soft drinks industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 217, putting it in the bottom 15% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.