Vita Coco (COCO) To Report Earnings Tomorrow: Here Is What To Expect
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Coconut water company Vita Coco (COCO) will report earnings tomorrow, with analysts expecting a revenue decline of 5.4% year on year to $120.4 million and adjusted earnings of $0.12 per share. Last quarter, Vita Coco exceeded revenue expectations by 15.2%. The company has only missed Wall Street's revenue estimates once in the past two years. Positive sentiment in the beverages sector has seen Vita Coco's stock rise 4.9% recently, with an average analyst price target of $58.78 against a current price of $56.56.
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