Fevertree - another stupendous announcement and analysts estimates prove worthless…again!
The leading supplier of premium carbonated mixers (cucumber tonic water now available) issued another fantastic set of results driving the share price to new highs. Analysts estimates for this AIM company have proved totally worthless up to now, a trend that looks set to continue.
Interim Results from Fevertree Drinks (AIM:FEVR) for the period ending 30 June 2018 saw sales leap 45% to £104.2m, pre-tax profit rise 35% to £32.6m and diluted earnings per share rise 36% to 22.72p. At the current share price of 3852p (up 11% on the day) that equates to a mighty rating of 87x previous full year consensus estimates of 44.08p per share. As has been the case for most of its listed life,…
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