Vita Coco Company Inc reports results for the quarter ended in January - Earnings Summary

The Vita Coco

01/05/2024 14:33

* Vita Coco Company Inc  COCO.OQ  reported quarterly
adjusted
earnings of 24 cents​​ per share for the quarter ended in
January, higher than the same quarter last year, when the
company reported EPS of 12 cents.  The mean expectation of
ten analysts for the quarter was for earnings of 17 cents per
share. Wall Street expected results to range from 12 cents to 23
cents per share.
    * Revenue rose 1.8% to $111.70 million from a year ago;
analysts
expected $111.76 million. 
    * Vita Coco Company Inc's reported EPS for the quarter was
24
cents​.
    * The company reported quarterly net income of $14.24
million.
    * Vita Coco Company Inc shares had fallen by 0.8% this
quarter and
lost 5.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 16.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the non-alcoholic
beverages peer group is also "buy"

Wall Street's median 12-month price target for Vita Coco Company
Inc is $30.00 
This summary was machine generated from LSEG data May 1 at 01:33
p.m. UTC. ​All figures in US dollars unless otherwise stated.
(For questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.17           0.24           Beat
 Dec. 31 2023      0.08           0.11           Beat
 Sep. 30 2023      0.25           0.26           Beat
 Jun. 30 2023      0.18           0.31           Beat