Vita Coco (NASDAQ:COCO) reported its Q1 earnings results on Wednesday, May 3, 2023 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Vita Coco beat estimated earnings by 71.43%, reporting an EPS of $0.12 versus an estimate of $0.07.
Revenue was up $13.31 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 6.94% increase in the share price the next day.
Here’s a look at Vita Coco’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.05 | 0.15 | 0.08 | 0.01 |
| EPS Actual | 0.07 | 0.13 | 0.02 | 0.04 |
| Revenue Estimate | 90.86M | 129.54M | 115.02M | 94.99M |
| Revenue Actual | 91.99M | 124.04M | 115.31M | 96.45M |
To track all earnings releases for Vita Coco visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
