Vita Coco Q3 2024 GAAP EPS $0.32 Beats $0.26 Estimate, Sales $132.91M Miss $139.38M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vita Coco (NASDAQ:COCO) reported Q3 2024 earnings per share of $0.32, beating the consensus estimate of $0.26. However, sales were $132.91 million, missing the $139.38 million estimate.
October 30, 2024 | 11:01 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Vita Coco's Q3 2024 earnings per share exceeded expectations, but sales fell short of estimates. The EPS of $0.32 surpassed the $0.26 estimate, while sales of $132.91 million missed the $139.38 million forecast.
The positive EPS surprise indicates strong profitability, which is favorable for the stock. However, the sales miss suggests potential challenges in revenue growth, creating a mixed outlook. This could lead to short-term volatility as investors weigh the earnings beat against the sales miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100