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

The Vita Coco

03/05/2023 14:32

* Vita Coco Company Inc  COCO.OQ  reported quarterly
adjusted
earnings of 12 cents​​ per share for the quarter ended in March.
The mean expectation of seven analysts for the quarter was
for earnings of 7 cents per share.
    * Revenue rose 13.8% to $109.76 million from a year ago;
analysts
expected $103.36 million. 
    * Vita Coco Company Inc's reported EPS for the quarter was
12
cents​.
    * The mean earnings estimate of analysts had risen by
about 176.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Vita Coco Company Inc shares had risen by 3.9% this
quarter and
gained 47.5% so far this year.
    * The company reported quarterly net income of $6.71
million.
    * Wall Street's median 12-month price target for Vita Coco
Company
Inc is $22.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
3 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.07           0.12           Beat
 Dec. 31 2022      0.05           -0.05          Missed
 Sep. 30 2022      0.15           0.13           Missed
 Jun. 30 2022      0.08           0.02           Missed