Sodastream (One Of The Most Hated Stocks In The World) Crushes Estimates

sodastream

Sodastream is the maker of thos DIY soda and seltzer machines.

It’s an ultra-growth, one-trick pony that happens to be one of the most volatile and shorted stocks in the world.

According to Yahoo Finance, 67% of the float is short.

Anyway, this is going to hurt: The company just blew away estimates.

Quarterly revenue of over $100 million was well ahead of estimates of $90.4 million.

Adjusted EPS of $0.52 beat earnings estimates by 6 cents.

The outlook is also above expectations.

So the shorts are going to get hit a bit, as the stocks is already up over 4% in initial pre-market trading.

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