Vita Coco Slips as Major U.S. Indexes Advance

Vita Coco Company shares fell 1.82% to close at $55.97 in the latest trading session. The S&P 500 gained 0.73%, the Dow rose 0.49% and the Nasdaq added 1.19%.

The stock had gained 3.5% over the previous month, according to the article, outperforming the Consumer Staples sector, which fell 6.84%. The S&P 500 rose 0.55% over that period.

Investors are awaiting the company’s next earnings report. Zacks consensus estimates call for earnings of $0.51 per share and revenue of $233.73 million, increases of 27.5% and 28.2%, respectively, from the year-earlier quarter.

For the full year, Zacks estimates earnings of $1.95 per share and revenue of $802.63 million. Those figures represent projected year-over-year increases of 63.87% and 31.63%, respectively.

The consensus earnings-per-share estimate for the upcoming quarter has fallen 0.76% over the past 30 days, according to Zacks. Zacks also put Vita Coco’s forward price-to-earnings ratio at 29.27, compared with an industry average of 17.27.