New Age Beverage Corporation (NBEV - Free Report) closed at $4.42 in the latest trading session, marking a -0.23% move from the prior day. This move lagged the S&P 500's daily loss of 0.22%. Elsewhere, the Dow lost 0.11%, while the tech-heavy Nasdaq lost 0.25%.
Prior to today's trading, shares of the company had lost 2.21% over the past month. This has lagged the Consumer Staples sector's gain of 2.3% and the S&P 500's gain of 3.57% in that time.
NBEV will be looking to display strength as it nears its next earnings release, which is expected to be February 13, 2019.
Investors should also note any recent changes to analyst estimates for NBEV. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 has moved 18.7% lower within the past month. NBEV currently has a Zacks Rank of #3 (Hold).
The Beverages - Soft drinks industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 186, putting it in the bottom 28% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.