3 Stocks Traders Are Buying Ahead of Earnings Releases

Coca-Cola Enterprises, Inc. (NYSE:CCE) will unveil its latest earnings on Thursday, February 9, 2012. The average estimate of analysts is for net income of 36 cents per share, a rise of 28.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 35 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 36 cents during the last month. Analysts are projecting profit to rise by 21.9% versus last year to $2.17.

The company is looking to top estimates for the third straight quarter. Last quarter, it reported profit of 72 cents per share against a mean estimate of net income of 69 cents, and the quarter before, the company exceeded forecasts by 2 cents with profit of 76 cents versus a mean estimate of net income of 74 cents. Analysts are projecting a rise of 6.1% in revenue from the year-earlier quarter to $1.9 billion.

Competitors to Watch: The Coca-Cola Company (NYSE:KO), PepsiCo, Inc. (NYSE:PEP), Dr Pepper Snapple Group Inc. (NYSE:DPS), Hansen Natural Corporation (NASDAQ:HANS), Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE), Heckmann Corporation (NYSE:HEK), Coca-Cola HBC S.A. (NYSE:CCH), Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF), and Fomento Economico Mexicano SAB (NYSE:FMX).

Corn Products International, Inc. (NYSE:CPO) will unveil its latest earnings on Thursday, February 9, 2012. The average estimate of analysts is for net income of $1.11 per share, a rise of 5.7% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 44.8% versus last year to $4.69.

Last quarter, the company came in at profit of $1.20 per share against a mean estimate of net income of $1.10 per share, beating estimates after missing them in the previous quarter. In the second quarter, it missed forecasts by 3 cents. Analysts are projecting a rise of 15.6% in revenue from the year-earlier quarter to $1.63 billion.

Competitors to Watch: Archer Daniels Midland Co. (NYSE:ADM), Bunge Limited (NYSE:BG), MGP Ingredients, Inc. (NASDAQ:MGPI), Darling International Inc. (NYSE:DAR), SunOpta, Inc. (NASDAQ:STKL).

Bunge Limited (NYSE:BG) will unveil its latest earnings on Thursday, February 9, 2012. The average estimate of analysts is for net income of $1.64 per share, a decline of 17.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.68. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.64 during the last month. Analysts are projecting profit to rise by 42.9% versus last year to $5.90.

Last quarter, the company missed estimates by 79 cents, coming in at profit of 86 cents per share versus a mean estimate of net income of $1.65 per share. In the second quarter, the company beat estimates by 31 cents. Analysts are projecting a rise of 7.9% in revenue from the year-earlier quarter to $13.73 billion.

Competitors to Watch: Archer Daniels Midland Co. (NYSE:ADM), Corn Products Intl., Inc. (NYSE:CPO), MGP Ingredients, Inc. (NASDAQ:MGPI), CHS Inc. (NASDAQ:CHSCP), Westway Group, Inc. (NASDAQ:WWAY), SunOpta, Inc. (NASDAQ:STKL), Darling International Inc. (NYSE:DAR), AgFeed Industries, Inc. (NASDAQ:FEED), and The Mosaic Company (NYSE:MOS).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com