Coca-Cola Enterprises Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Coca-Cola Enterprises, Inc. (NYSE:CCE) will unveil its latest earnings on Thursday, February 9, 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 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.

Past Earnings Performance: 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.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 6.1% in revenue from the year-earlier quarter to $1.9 billion.

Analyst Ratings: Analysts are bullish on this stock with six analysts rating it as a buy, none rating it as a sell and five rating it as a hold. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

A Look Back: In the third quarter, profit rose 36.5% to $284 million (88 cents a share) from $208 million (61 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 27.3% to $2.14 billion from $1.68 billion.

Key Stats:

A year-over-year revenue increase in the third quarter snapped a streak of three consecutive quarters of revenue declines. Revenue fell 59.1% in the second quarter, 62.9% in the first quarter and 64.9% in the fourth quarter of the last fiscal year.

The increase in profit in the third quarter came after net income fell in the previous quarter. In the second quarter, net income fell 30.9%.

Stock Price Performance: During January 5, 2012 to February 3, 2012, the stock price had risen $1.41 (5.4%) from $26.08 to $27.49. The stock price saw one of its best stretches over the last year between October 7, 2011 and October 14, 2011 when shares rose for six-straight days, rising 7.9% (+$1.90) 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, falling 8.3% (-$2.46) over that span.

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

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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