Vita Coco Earnings: What To Look For From COCO

Max Juang /
2024/02/27 2:00 am EST

Coconut water company The Vita Coco Company (NASDAQ:COCO) will be announcing earnings results tomorrow morning. Here's what to expect.

Last quarter Vita Coco reported revenues of $138.1 million, up 11.3% year on year, missing analyst expectations by 1%. It was an ok quarter for the company, with a decent beat of analysts' earnings estimates.

Is Vita Coco buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Vita Coco's revenue to grow 7.9% year on year to $99.23 million, improving on the 6.2% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.07 per share.

Vita Coco Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates twice over the last two years.

Looking at Vita Coco's peers in the beverages and alcohol segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Molson Coors delivered top-line growth of 6.1% year on year, beating analyst estimates by 0.4% and Keurig Dr Pepper reported revenues up 1.7% year on year, missing analyst estimates by 1%. Both stocks (Molson Coors and Keurig Dr Pepper) traded flat on the results.

Read our full analysis of Molson Coors's results here and Keurig Dr Pepper's results here.

Investors in the beverages and alcohol segment have had steady hands going into the earnings, with the stocks down on average 0.2% over the last month. Vita Coco is up 1.4% during the same time, and is heading into the earnings with analyst price target of $28.8, compared to share price of $20.93.

Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefitting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.