SodaStream (SODA) Tops Q4 EPS by 33c, Sees 12% Increase in FY Revenue

SodaStream (NASDAQ: SODA) reported Q4 EPS of $1.13, $0.33 better than the analyst estimate of $0.80. Revenue for the quarter came in at $157.7 million versus the consensus estimate of $151.57 million.

Guidance

For 2018, the Company currently expects full year revenue to increase approximately 12% over 2017 revenue of $543.4 million, of which approximately 2% is expected to result from the acquisition of the Company's French distributor.

Operating income for 2018 is currently expected to increase approximately 10% over 2017 operating income of $81.4 million, or approximately 20% excluding the increase in share-based payment expense in 2018 compared to 2017.

Diluted earnings per share is currently expected to increase approximately 5% over 2017 diluted earnings per share of $3.29, or approximately 15%, excluding the increase in share-based payment expense in 2018 compared to 2017.

For 2018, the Company currently projects share-based payment expense to increase approximately $9 million over 2017 due to new employee options and restricted stock units expected to be granted by the Company during the first half of 2018. The increase is being driven by the number of new grants and the higher average share price compared with the previous year. Based on IFRS guidelines, close to 60% of the cost associated with new grants of options and restricted stock units is required to be expensed in the first year following the grant date.

For earnings history and earnings-related data on SodaStream (SODA) click here.

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