SodaStream International Ltd. SODA is slated to release third-quarter 2017 numbers on Nov 1, before the market opens.This Israel-based manufacturer of household soda witnessed a positive earnings surprise of 25.5% last quarter, marking an average beat of 103.03% for the last four quarters.Let’s take a look at how things are shaping up prior to the third-quarter earnings release —SodaStream banks heavily on the growing demand for its sparkling water. The company’s cost-effective beverage carbonation systems help consumers transform ordinary tap water into soft drinks and sparkling water, providing a healthier alternative to carbonated sugary drinks. Owing to a shift in consumer preference toward the healthier sparkling water, SodaStream repositioned itself in the United States to capitalize on this. In fact, in the last reported quarter, the company recorded revenue growth in all of its geographical operating locations backed by an increase in sparkling water maker units.Revenues in the second quarter increased 10% on a 35% rise in sparkling water maker units to 859,000. Moreover, management expects revenues to grow approximately 7% to about $133 million in the to-be-reported quarter. This will account for 48% of management’s projected second-half 2017 revenues. Meanwhile, the Zacks Consensus Estimate for third-quarter 2017 revenues is pegged at $135.1 million, reflecting 8.7% year-over-year growth.Notably, SodaStream has efficient cost-effective strategies which help the company enhance its operating platform. Additionally, advanced manufacturing capabilities enable the company to leverage its cost structure on higher production volumes. In fact, SodaStream’s operating expenses in the second quarter declined 280 basis points (bps) from the year-ago level. The company expects lower costs and higher revenues for the remaining of 2017, which in turn will boost the company’s bottom line.The consensus estimate for third-quarter earnings is pegged at 74 cents, reflecting year-over-year improvement.However, owing to SodaStream’s extensive international presence, negative currency translation poses a threat. Nonetheless, a strong product pipeline and cost-effective strategies are expected to drive growth.Here is what our quantitative model predicts:Our proven model does not conclusively show that SodaStream is likely to beat earnings this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen.Zacks ESP: SodaStream has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 74 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Zacks Rank: SodaStream has a Zacks Rank #3, which increases the predictive power of ESP. However, the company’s 0.00% ESP makes surprise prediction difficult.Meanwhile, we caution against stocks with a Zacks Rank #4 and 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions. SodaStream International Ltd. Price and EPS Surprise SodaStream International Ltd. Price and EPS Surprise | SodaStream International Ltd. QuoteStocks to ConsiderHere are some companies in the broader Consumer Discretionary sector you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:Activision Blizzard, Inc. ATVI has an Earnings ESP of +5.80% and a Zacks Rank #1. It is slated to release its quarterly results on Nov 2.Electronic Arts Inc. EA, with an Earnings ESP of +3.83% and a Zacks Rank #2, is expected to report quarterly results on Oct 31. You can see the complete list of today’s Zacks #1 Rank stocks here.Hyatt Hotels Corporation H has an Earnings ESP of +3.32% and a Zacks Rank #3. The company is scheduled to report its quarterly results on Nov 2.Zacks’ Best Private Investment IdeasWhile we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.Click here for Zacks' private trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Hyatt Hotels Corporation (H): Free Stock Analysis Report SodaStream International Ltd. (SODA): Free Stock Analysis Report Activision Blizzard, Inc (ATVI): Free Stock Analysis Report Electronic Arts Inc. (EA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research