Markets
Vita Coco Company, Inc. (COCO) Rises Higher Than Market: Key Facts
By SNF Research · Independent market intelligence from Sunday Night Futures LLC
Source: Zacks Investment ResearchOriginal article →
Vita Coco Company (COCO) closed at $52.01, up 1.78%, more than doubling the S&P 500's 0.86% gain. The coconut water maker carries a Zacks Rank #1 (Strong Buy) rating heading into its next earnings report.
Analysts project quarterly earnings of $0.51 per share, a 27.5% year-over-year increase, on revenue of $233.73 million, up 28.2%. Full-year estimates call for $1.96 in earnings per share and $802.62 million in revenue.
Valuation presents a mixed picture. COCO trades at a forward P/E of 26.04, significantly above its industry average of 17.84. However, the company's PEG ratio of 0.96 suggests the premium may be justified by growth expectations, with readings below 1.0 typically indicating value relative to earnings growth potential.