SodaStream Upgraded to Strong Buy - Analyst Blog
28 Enero 2013 - 11:31AM
Zacks
Zacks Investment Research upgraded SodaStream
International Ltd. (SODA) to a Zacks Rank #1 (Strong Buy)
on Jan 26. An impressive outlook, solid fundamentals and innovative
products are the rank drivers for this stock.
Why the Upgrade?
SodaStream has topped earnings estimates for 8 straight quarters
and is expected to report another solid performance late next
month, owing to strong third quarter results. The potential
long-term earnings growth rate for the stock is 30.4%.
SodaStream’s third quarter earnings of 80 cents per share beat
the Zacks Consensus Estimate by 17.7% and last year’s result by
66.7%. Revenue of $112.5 million also increased 48.7% year over
year on the back of strong performances in both of the product
categories (soda makers and consumables) and in all four geographic
regions.
SodaStream raised its expectation for the fourth quarter and
full year 2012 results after reporting robust third quarter
results. The company projects revenue growth of 46% for 2012, up
from the prior expectation for an increase of 40%. Net income is
expected to increase 59% year over year, compared to the earlier
guidance for growth of 55%.
Estimates have mostly increased after the strong fiscal third
quarter results and bright outlook for the upcoming quarter. The
Zacks Consensus Estimate increased 0.5% to $2.11 per share for
fiscal 2012, while it grew 0.4% to $2.67 per share for fiscal
2013.
We believe the stock has bright prospect ahead due to solid
demand for its products, strategic partnerships like that with
Kraft Foods Group, Inc. (KRFT), enhanced marketing
techniques, product innovations, accretive acquisitions and
successful strategic investments.
Other Stocks to Consider
Other stocks in the diversified consumer products sector worth
considering are Jarden Corp (JAH) and
Nutri/system (NTRI), both of which hold a Zacks
Rank #2 (Buy).
JARDEN CORP (JAH): Free Stock Analysis Report
KRAFT FOODS GRP (KRFT): Free Stock Analysis Report
NUTRI/SYSTEM (NTRI): Free Stock Analysis Report
SODASTREAM INTL (SODA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Nutrisystem (NASDAQ:NTRI)
Gráfica de Acción Histórica
De Jun 2024 a Jul 2024
Nutrisystem (NASDAQ:NTRI)
Gráfica de Acción Histórica
De Jul 2023 a Jul 2024