SodaStream (SODA) Beats Q1 Earnings & Revenues Estimates

SodaStream International Ltd. (SODA – Free Report) makes beverage carbonation systems which transforms tap water into soft drinks and sparkling water.

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 estimates for 2018 have decreased over the last 30 days. Nevertheless, the stock has an impressive earnings history. SODA delivered positive earnings surprise in all of the past four quarters, bringing the average positive earnings surprise to 40.4%.

Currently, SODA has a Zacks Rank #3 (Hold), but that could definitely change following SodaStream’s earnings report which was just released.

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

Earnings: SODA beats earnings estimate by 22.7%. The Zacks Consensus Estimate for earnings called for EPS of 66 cents/share, and the company reported EPS of 81 cents instead. Earnings per share increased 23.1% year over year.

Revenues: SODA reported revenues of $143.6 million. This beat the consensus estimate of $131.9 million. Revenue increased 24.6% on a year over year basis.

Key Stats to Note: Revenues from sparkling water maker starter kits increased 23.1% on a year over year basis.

Share Price Impact: Shares were up 1.8% in pre-market trading at the time of writing.

SodaStream International Ltd. Price and EPS Surprise