Market Overview

Investors Not Impressed with SodaStream's Record Sales

Share:
Investors Not Impressed with SodaStream's Record Sales
Related SODA
Sodastream Earnings Potential Not Reflected By Consensus, Stock Has $6.50 Upside: Susquehanna
Sodastream Shares Losing Their Fizz After Large Bearish Put Bet

SodaStream (NASDAQ: SODA) posted earnings results that exceeded expectations on Wednesday. Still, shares fell nearly five percent before rebounding somewhat later in the session Wednesday.

The company posted a fourth quarter earnings per share figure of $0.45, more than the estimated $0.38. Earnings were up 41% from the same quarter last year. Revenue came in at $132.90M versus the estimated $121.54M.

However, gross margin came in at 54%, slightly less than the 54.5% that was expected. Additionally, CO2 refill unit sales -- a sign of how frequently SodaStream's machines are actually being used -- were flat compared with the prior year.

Trading at a PE ratio near 26, SodaStream might be considered a relatively expensive stock. Given the valuation, investors might simply have been expecting a bigger beat on earnings from the company.

Shares of SodaStream traded near $51 on Wednesday.

Posted-In: Earnings News Intraday Update Movers Trading Ideas Best of Benzinga

 

Related Articles (SODA)

Get Benzinga's Newsletters