Vita Coco Company, Inc. (COCO) ended the recent trading session at $53.00, demonstrating a -3.94% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.57%. Elsewhere, the Dow saw a downswing of 1.61%, while the tech-heavy Nasdaq depreciated by 0.26%.
The stock of company has risen by 0.32% in the past month, leading the Consumer Staples sector's loss of 0.16% and the S&P 500's loss of 0.15%.
Market participants will be closely following the financial results of Vita Coco Company, Inc. in its upcoming release. The company is expected to report EPS of $0.34, up 9.68% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $148.88 million, up 13.72% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.58 per share and revenue of $698.51 million. These totals would mark changes of +32.77% and +14.55%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Vita Coco Company, Inc. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Vita Coco Company, Inc. is currently a Zacks Rank #3 (Hold).
In terms of valuation, Vita Coco Company, Inc. is presently being traded at a Forward P/E ratio of 34.87. Its industry sports an average Forward P/E of 19.96, so one might conclude that Vita Coco Company, Inc. is trading at a premium comparatively.
We can also see that COCO currently has a PEG ratio of 1.74. 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. Beverages - Soft drinks stocks are, on average, holding a PEG ratio of 2.24 based on yesterday's closing prices.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 141, this industry ranks in the bottom 43% of all industries, numbering over 250.
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.
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Vita Coco Company, Inc. (COCO): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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