Vita Coco Q1 2024 GAAP EPS $0.24 Beats $0.18 Estimate, Sales $111.698M Miss $111.764M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vita Coco (NASDAQ:COCO) reported Q1 2024 earnings of $0.24 per share, surpassing the $0.18 estimate, marking a 100% increase from last year. However, their sales of $111.698M slightly missed the $111.764M estimate, though it's a 1.77% increase from the previous year.

May 01, 2024 | 11:05 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Vita Coco exceeded Q1 2024 EPS estimates but slightly missed sales forecasts, showing strong earnings growth but a minor shortfall in revenue.
Beating EPS estimates significantly while only narrowly missing sales forecasts indicates a strong operational performance and efficiency, likely leading to a positive short-term impact on COCO's stock price. The substantial year-over-year earnings growth further underscores the company's upward trajectory, making this news particularly relevant and important for investors. The slight miss on sales forecasts is unlikely to overshadow the positive earnings report, hence the positive score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100