Just noticed COCO (Vita Coco) took a bigger hit than the overall market yesterday - down nearly 4% while the S&P 500 only dropped 0.57%. That's what is coco stock doing lately, underperforming when you'd expect a consumer staples play to hold steadier.

What's interesting though: the company's actually up 0.32% over the past month, which beats its sector. Earnings are coming up and analysts are expecting some solid growth - EPS projected at $0.34 (up almost 10% year-over-year) and revenue around $148.88 million (up 13.72%). Full year estimates look even better with expected earnings of $1.58 per share.

Here's where it gets tricky though. COCO is trading at a Forward P/E of 34.87, which is way above the beverage industry average of 19.96. So yeah, you're paying a premium. The PEG ratio sits at 1.74 compared to the industry's 2.24, but that premium valuation is still something to think about before jumping in. Currently ranked as a Hold by most analysts, so nothing screaming buy or sell right now. Definitely keeping an eye on those earnings though - could be a catalyst either way.