U.S. Markets closed

New Age Beverages (NBEV) to Post Q3 Earnings: What to Expect?

Zacks Equity Research

New Age Beverages Corporation NBEV is slated to report third-quarter 2019 results on Nov 14.

For the quarter to be reported, the Zacks Consensus Estimate is pegged at loss of 5 cents, which has been unchanged over the past 30 days. The consensus mark suggests an improvement from loss of 8 cents reported in the year-ago quarter. For quarterly revenues, the consensus estimate is pegged at $69.7 million, indicating significant improvement from the year-ago quarter’s reported figure.

Key Factors to Note
 
New Age Beverages has been benefiting from strength in its brand portfolio, including CBD-infused beverages. The company’s third-quarter results are likely to reflect its efforts to accelerate business and e-commerce channel, improving operating performance, and other marketing capabilities.

New Age Beverages has been gaining from the Morinda acquisition. Moreover, the company completed the acquisition of Brands Within Reach, thus strengthening its team and marketing abilities. These along with its partnerships with Walmart and 7-Eleven are likely to have contributed to the top line in the quarter to be reported.

However, higher costs associated with the integration of buyouts are expected to have affected New Age Beverages’ third-quarter performance. Moreover, the company has been facing stiff competition in the industry and other woes, including tariff-related concerns. These factors might have hurt its operating income and overall profits in the third quarter.

What the Zacks Model Says

Our proven model does not conclusively predict an earnings beat for New Age Beverages this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

New Age Beverage Corporation Price and EPS Surprise

 

New Age Beverage Corporation Price and EPS Surprise

New Age Beverage Corporation price-eps-surprise | New Age Beverage Corporation Quote

Although New Age Beverages carries a Zacks Rank #3, its Earnings ESP of 0.00% makes surprise prediction difficult.

Stocks Likely to Beat Earnings Estimates

Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat in the upcoming releases:

Ross Stores, Inc ROST has an Earnings ESP of +4.03%. It presently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

Post Holdings, Inc POST currently has an Earnings ESP of +5.14% and a Zacks Rank # 3.

Spectrum Brands Holdings, Inc SPB has an Earnings ESP of +3.06% and a Zacks Rank #3.

5 Stocks Set to Double

Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Post Holdings, Inc. (POST) : Free Stock Analysis Report
 
Spectrum Brands Holdings Inc. (SPB) : Free Stock Analysis Report
 
Ross Stores, Inc. (ROST) : Free Stock Analysis Report
 
New Age Beverage Corporation (NBEV) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research