Coca-Cola Enterprises Inc. First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Coca-Cola Enterprises, Inc. (NYSE:CCE) will unveil its latest earnings on Thursday, April 26, 2012. Coca-Cola Enterprises makes and distributes soft drinks to customers in the U.S, Canada, and certain Caribbean islands.

Coca-Cola Enterprises, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 33 cents per share, no change 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 37 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 33 cents during the last month. Analysts are projecting profit to rise by 4.6% versus last year to $2.28.

Past Earnings Performance: Last quarter, the company saw net income of 36 cents per share versus a mean estimate of profit of 36 cents per share. This comes after two consecutive quarters of exceeding expectations.

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Wall St. Revenue Expectations: Analysts are projecting no change in revenue from the year-earlier quarter to $1.84 billion.

Analyst Ratings: Analysts are bullish on this stock, with six analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 16.5% to $113 million (37 cents a share) from $97 million (28 cents a share) the year earlier, meeting analyst expectations. Revenue rose 5.5% to $1.89 billion from $1.79 billion.

Key Stats:

Net income has increased by an average of 5.5% over the last four quarters and the company is looking to keep that consistency going with this earnings announcement.

Stock Price Performance: Between January 25, 2012 and April 20, 2012, the stock price rose $1.79 (6.6%), from $27.17 to $28.96. The stock price saw one of its best stretches over the last year between April 10, 2012 and April 17, 2012, when shares rose for six straight days, increasing 4.2% (+$1.14) over that span. It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight straight days, dropping 8.3% (-$2.45) over that span.

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

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