Vita Coco Company Inc reports results for the quarter ended in September 30 - Earnings Summary

The Vita Coco

30/10/2024 15:18

* Vita Coco Company Inc  COCO.OQ  reported quarterly
adjusted
earnings of 32 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 26 cents.  The mean expectation of ten analysts
for the quarter was for earnings of 26 cents per share. Wall
Street expected results to range from 22 cents to 33 cents per
share.
    * Revenue fell 3.7% to $132.91 million from a year ago;
analysts
expected $139.38 million. 
    * Vita Coco Company Inc's reported EPS for the quarter was
32
cents​.
    * The company reported quarterly net income of $19.25
million.
    * Vita Coco Company Inc shares had risen by 8.7% this
quarter and
gained 20.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 4
"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 30.50 
This summary was machine generated from LSEG data October 30 at
03:18 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
 Sep. 30 2024      0.26           0.32           Beat
 Jun. 30 2024      0.29           0.32           Beat
 Mar. 31 2024      0.17           0.24           Beat
 Dec. 31 2023      0.08           0.11           Beat