Roth Capital Expects Foreign Currency Exchange Rates to Negatively Hit SodaStream's (SODA) 3Q Results

Roth Capital reiterated a Buy rating and $29.00 price target on SodaStream International (NASDAQ: SODA) ahead of the company's 3Q earnings report. Foreign currency exchange rates should again negatively affect revenues. A lesser FX impact is likely on income, as production is mostly concentrated in Israel, and the Shekel has remained below year-ago levels vs. the U.S. Dollar. SodaStream will report Q3 results on Wednesday, November 4th, before the market opens.

Analyst Anton Brenner commented, "Q3 should have been a transition quarter for SodaStream. The depletion of U.S. inventory stocks of legacy soda makers, and flavors in the U.S., were mostly completed during 1H; shipments of the new line of flavors initially began during Q3 on a selective basis. We believe comparisons should steadily improve over the next few quarters. With Enterprise Value below book value and a PE of 10.7x on TTM depressed EPS, we would accumulate shares at current levels."

For an analyst ratings summary and ratings history on SodaStream International click here. For more ratings news on SodaStream International click here.

Shares of SodaStream International closed at $14.61 yesterday.

You May Also Be Interested In

• Growth isn't weak enough to truly undercut inflation pressures - BMO
• Synovus Financial (SNV) PT Lowered to $42 at Piper Sandler
• Warren Buffet's Berkshire stock target raised at UBS into earnings