Coca-Cola Enterprises Inc. Earnings: Second Straight Quarter of Rising Net Income

S&P 500 (NYSE:SPY) component Coca-Cola Enterprises Inc. (NYSE:CCE) reported its results for the fourth quarter. Coca-Cola Enterprises makes and distributes soft drinks to customers in the U.S, Canada, and certain Caribbean islands.

Investing Insights: Will the iPad 3 Be the Next Catalyst for Apple’s Stock?

Coca-Cola Earnings Cheat Sheet for the Fourth Quarter

Results: Net income for Coca-Cola Enterprises Inc. rose to $113 million (36 cents per share) vs. $97 million (28 cents per share) in the same quarter a year earlier. This marks a rise of 16.5% from the year earlier quarter.

Revenue: Rose 5.5% to $1.89 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: Coca-Cola Enterprises Inc. fell in line with the mean analyst estimate of 36 cents per share. Analysts were expecting revenue of $1.9 billion.

Quoting Management: “2011 marks the sixth consecutive year of volume and profit growth in our legacy territories,” said John F. Brock, chairman and chief executive officer. “While we continue to face ongoing marketplace and macroeconomic challenges, the results from our first full year of operating exclusively as a European bottler reinforce the confidence we have in the long-term potential of today’s Coca-Cola Enterprises.

Key Stats:

The company fell in line with estimates last quarter after topping expectations in the previous two quarters. In the third quarter, it topped the mark by 3 cents, and in the second quarter, it was ahead by 2 cents.

Net income has increased 2.1% year over year on average across the last five quarters. The biggest gain came in the third, when income climbed 36.5% from the year earlier quarter.

The company’s revenue has now risen for two straight quarters. In the third quarter, revenue increased 27.3% to $2.14 billion from the year earlier quarter.

Looking Forward: Over the past ninety days, the average estimate for the first quarter of the next fiscal year has fallen from 38 cents per share to 36 cents, indicating that analysts are growing pessisimistic about the company’s performance next quarter. For the fiscal year, the average estimate has moved up from $2.16 a share to $2.17 over the last sixty days.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

Don’t Miss These Additional Hot Stories:

Investors Wake Up to the Return of Dividends

Do We Know If the Housing Market Has Hit Bottom?

Should Investors Reconsider Cash and Gold as Safe-Havens?

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