Analysts on Wall Street project that Vita Coco Company, Inc. (COCO) will announce quarterly earnings of $0.51 per share in its forthcoming report, representing an increase of 27.5% year over year. Revenues are projected to reach $232.06 million, increasing 27.3% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Vita Coco Company metrics that Wall Street analysts commonly model and monitor.
Analysts predict that the 'Net Sales- International' will reach $41.02 million. The estimate suggests a change of +34.1% year over year.
The collective assessment of analysts points to an estimated 'Net sales- Americas' of $190.94 million. The estimate indicates a change of +25.9% from the prior-year quarter.
The average prediction of analysts places 'Net sales- Americas- Vita Coco Coconut Water' at $142.60 million. The estimate points to a change of +7.7% from the year-ago quarter.
The consensus among analysts is that 'Net sales- Americas- Private Label' will reach $39.81 million. The estimate suggests a change of +177.2% year over year.
It is projected by analysts that the 'Net sales- Americas- Other' will reach $5.81 million. The estimate points to a change of +18% from the year-ago quarter.
According to the collective judgment of analysts, 'Net sales- International- Private Label' should come in at $12.80 million. The estimate indicates a year-over-year change of +57.2%.
Analysts forecast 'Net sales- International- Vita Coco Coconut Water' to reach $29.55 million. The estimate indicates a change of +34.7% from the prior-year quarter.
View all Key Company Metrics for Vita Coco Company here>>>Vita Coco Company shares have witnessed a change of +5.1% in the past month, in contrast to the Zacks S&P 500 composite's +1.5% move. With a Zacks Rank #3 (Hold), COCO is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Vita Coco Company, Inc. (COCO): Free Stock Analysis Report
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