National Beverage stock outlook after missing analyst expectations for FQ2
On Monday, National Beverage Corp (NASDAQ:FIZZ) shares declined by nearly 4%, extending Friday’s losses. The company announced its most recent quarterly results Thursday after the close, missing the consensus for analyst expectations on revenue and earnings.
National Beverage posted FQ2 GAAP earnings per share of $0.42, missing the average analyst estimate of $0.50. On the other hand, revenue for the quarter increased by 4.2% from the same quarter last year to $283.16 million, missing the average Street forecast by $6.62 million.
Although the stock is down nearly 22% since the 15th of November, National Beverage is still up more than 16% this year.
Is National Beverage a growth stock?
From an investment perspective, National Beverage shares trade at reasonable trailing 12-month and forward P/E ratios of 25.56 and 23.66, respectively. Therefore, the stock could be an interesting option for value investors.
On the other hand, analysts expect its earnings per share to grow by 34% this year, before rising at an average annual rate of 25.56% over the next five years.
Therefore, National Beverage stock could also gain the attention of long-term growth investors.
Technically, National Beverage shares seem to be trading within a sharply descending channel formation in the intraday chart. As a result, the stock has fallen deep into oversold conditions, creating a perfect opportunity to buy.
Therefore, investors could target potential rebound profits at about $48.68, or higher at $51.12. On the other hand, $44.78 and $42.69 are crucial support zones.
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