New Age Beverage Corporation closed the most recent trading day at $4.42, moving -1.78% from the previous trading session. This change lagged the S&P 500's daily gain of 1.86%. At the same time, the Dow added 1.63%, and the tech-heavy Nasdaq gained 2.95%.
Coming into today, shares of the company had gained 1.35% in the past month. In that same time, the Consumer Staples sector lost 2.11%, while the S&P 500 lost 8.85%.
NBEV will be looking to display strength as it nears its next earnings release, which is expected to be November 13, 2018. The company is expected to report EPS of -$0.09, down 350% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $13.54 million, down 10.01% from the year-ago period.
Any recent changes to analyst estimates for NBEV should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. NBEV is currently sporting a Zacks Rank of #3 (Hold).
The Beverages - Soft drinks industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 214, which puts it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NBEV in the coming trading sessions, be sure to utilize Zacks.com.
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New Age Beverage Corporation (NBEV) Stock Sinks As Market Gains: What You Should Know
New Age Beverage Corporation closed the most recent trading day at $4.42, moving -1.78% from the previous trading session. This change lagged the S&P 500's daily gain of 1.86%. At the same time, the Dow added 1.63%, and the tech-heavy Nasdaq gained 2.95%.
Coming into today, shares of the company had gained 1.35% in the past month. In that same time, the Consumer Staples sector lost 2.11%, while the S&P 500 lost 8.85%.
NBEV will be looking to display strength as it nears its next earnings release, which is expected to be November 13, 2018. The company is expected to report EPS of -$0.09, down 350% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $13.54 million, down 10.01% from the year-ago period.
Any recent changes to analyst estimates for NBEV should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. NBEV is currently sporting a Zacks Rank of #3 (Hold).
The Beverages - Soft drinks industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 214, which puts it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NBEV in the coming trading sessions, be sure to utilize Zacks.com.