The Vita o pany-Vita Coco Company, Inc. (COCO) Increases Despite Market Slip: Here's What You Need to Know

Company Performance - Vita Coco Company, Inc. (COCO) ended the recent trading session at $39.78, showing a +0.91% change from the previous day's closing price, outperforming the S&P 500's daily loss of 0.27% [1] - Over the past month, shares of the company have gained 15.6%, surpassing the Consumer Staples sector's gain of 5.6% and the S&P 500's gain of 4.27% [1] Financial Projections - The upcoming earnings per share (EPS) for Vita Coco is projected to be$ 0.08, indicating a 27.27% decrease from the same quarter last year [2] - Revenue is estimated at $122.22 million, reflecting a 15.15% increase from the equivalent quarter last year [2] Analyst Estimates - Recent changes to analyst estimates for Vita Coco indicate a favorable outlook on the company's business health and profitability [3] - The Zacks Consensus EPS estimate has seen a 0.43% increase over the last 30 days, and the company currently holds a Zacks Rank of 2 (Buy) [5] Valuation Metrics - Vita Coco has a Forward P/E ratio of 33.84, which is a premium compared to the industry's average Forward P/E of 18.22 [6] - The company holds a PEG ratio of 2.36, which aligns with the average PEG ratio of the Beverages - Soft drinks industry [7] Industry Context - The Beverages - Soft drinks industry is part of the Consumer Staples sector and currently holds a Zacks Industry Rank of 184, placing it in the bottom 27% of all industries [8]