Coca-Cola Enterprises Earnings: Everything You Must Know Now

Coca-Cola Enterprises Inc. (NYSE:CCE) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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Coca-Cola Enterprises Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 8.33% to $0.39 in the quarter versus EPS of $0.36 in the year-earlier quarter.

Revenue: Decreased 0.96% to $1.85 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Coca-Cola Enterprises Inc. reported adjusted EPS income of $0.39 per share. By that measure, the company beat the mean analyst estimate of $0.38. It missed the average revenue estimate of $1.9 billion.

Quoting Management: “Our results for the first quarter reflect improvement over the fourth quarter as we begin to move past some of the unusual operating conditions of 2012,” said John F. Brock, chairman and chief executive officer. “While sustained economic challenges persist, we believe our sales initiatives, the ongoing benefits of our Business Transformation Program, and a more normal business environment will enable us to achieve our 2013 operating income growth objective.”

Key Stats (on next page)…

Revenue decreased 3.44% from $1.92 billion in the previous quarter. EPS decreased 13.33% from $0.45 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.84 to a profit $0.81. For the current year, the average estimate has moved down from a profit of $2.50 to a profit of $2.48 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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