In the latest trading session, New Age Beverage Corporation (NBEV - Free Report) closed at $3.81, marking a -0.26% move from the previous day. This change lagged the S&P 500's 0.3% gain on the day. At the same time, the Dow 0%, and the tech-heavy Nasdaq gained 0.92%.
Coming into today, shares of the company had lost 25.97% in the past month. In that same time, the Consumer Staples sector lost 1.45%, while the S&P 500 lost 4.37%.
NBEV will be looking to display strength as it nears its next earnings release, which is expected to be February 13, 2019.
It is also important to note the recent changes to analyst estimates for NBEV. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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.
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 has moved 18.7% lower. NBEV is holding a Zacks Rank of #3 (Hold) right now.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 181, putting it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.