Markets

SodaStream (SODA) Surpasses Q4 Earnings & Sales Estimates

SodaStream International Ltd . SODA makes beverage carbonation systems which transforms tap water into soft drinks and sparkling water.

SodaStream has been witnessing good tidings since the release of Q3 results, with the stock price hitting new 52 week highs multiple times.

The growing popularity of sparkling water is driving SodaStream, as its cost effective beverage carbonation systems help consumers transform ordinary tap water into soft drinks and sparkling water.

Investors should also note that earnings estimate has mostly been stable ahead of this earnings release. However, the stock does have an impressive history in earnings season. SODA delivered positive earnings surprise in all of the past four quarters, bringing the average positive earnings surprise to 104.2%.

Currently, SODA has a Zacks Rank #3 (Hold), but that could definitely change following SodaStream's earnings report which was just released. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings : SODA beats earnings estimates by 129%. Our consensus earnings estimate called for EPS of 31 cents/share, and the company reported EPS of 71 cents instead. Investors should note that these figures take out stock option expenses. Earnings per share increased 201.2% year over year.

SodaStream International Ltd. Price and EPS Surprise

SodaStream International Ltd. Price and EPS Surprise | SodaStream International Ltd. Quote

Revenues : SODA reported revenues of $131.8 million. This beat our consensus estimate of $124.30 million.

Key Stats to Note: Revenues from sparkling water maker starter kits increased 37% on a year over year basis.

Stock Price: Shares rose a massive 6.76% during pre-market trading , at the time of writing.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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