New Age Beverages (NBEV) To Post Q3 Earnings: What To Expect?
Zacks Investment Research | Nov 10, 2019 09:28PM ET
New Age Beverages Corporation (NASDAQ: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 (NYSE:WMT) 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 Zacks Investment Research
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