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, estimates have proved to be far too cautious with management confirming that the outcome for the full year will be comfortably ahead of its expectations. Quite frankly, the analysts following this company might as well give up as, up to now, the forecasts they have arrived at have proved to be totally worthless!
The interim dividend was lifted 40% to 4.22p per share.
While the Group’s UK business stole the show again, the punchy rating is clearly hanging on the potential overseas, notably in…
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