Vita Coco Company Inc reports results for the quarter ended June 30 - Earnings Summary

• Vita Coco Company Inc COCO.OQ reported quarterly adjusted earnings of 38 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 32 cents. The mean expectation of ten analysts for the quarter was for earnings of 36 cents per share. Wall Street expected results to range from 28 cents to 42 cents per share.

• Revenue rose 17.1% to $168.76 million from a year ago; analysts expected $161.04 million.

• Vita Coco Company Inc's reported EPS for the quarter was 38 cents​.

• The company reported quarterly net income of $22.91 million.

• Vita Coco Company Inc shares had risen by 1.9% this quarter and lost 0.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.8% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the non-alcoholic beverages peer group is also "buy"

• Wall Street's median 12-month price target for Vita Coco Company Inc is $40.00, about 8.1% above its last closing price of $36.77

This summary was machine generated from LSEG data July 30 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)