NEW YORK (TheStreet) -- Cott Corp. (COT) - Get Cott Corporation Report stock is up by 6.93% to $10.64 on heavy trading volume on Thursday, after the company reported better-than-expected 2015 fourth quarter results.
Before the market open on Thursday, the Canadian beverage producer reported earnings of 3 cents per share, compared to analysts' forecasts for a loss of 2 cents per share, Bloomberg reports.
Revenue of $699 million missed analysts' estimates for revenue of $713.05 million. Revenue rose by 29% year-over-year.
"We believe that the platform we are creating in home and office services for water, coffee and tea both organically and via further synergistic transactions will provide underlying mid-teen annual growth in free cash flow over the coming years," CEO Jerry Fowden said in a statement.
So far today, 1.68 million shares of Cott have traded, versus the company's 30-day average of about 603,000 shares.
Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rates this stock as a "buy" with a ratings score of B-. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
You can view the full analysis from the report here: COT