S&P 500 (NYSE:SPY) component Coca-Cola Enterprises Inc. (NYSE:CCE) will unveil its latest earnings on Thursday, July 28, 2011. Coca-Cola Enterprises Inc. produces and distributes soft drinks to customers in the U.S, Canada and certain Caribbean islands. Coca-Cola Earnings Cheat Sheet: Revenue Up, Profit Up>>
Coca-Cola Enterprises Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 74 cents per share, a decline of 6.3% 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 72 cents. For the year, analysts are projecting profit of $2.13 per share, a rise of 19.7% from last year.
Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the first quarter, the company reported net income of 33 cents per share versus a mean estimate of profit of 33 cents per share. In the fourth quarter of the last fiscal year, the company beat estimates by 0 cents.
Wall St. Revenue Expectations: On average, analysts predict $2.31 billion in revenue this quarter, a decline of 60.7% from the year ago quarter. Analysts are forecasting total revenue of $8.27 billion for the year, a rise of 11.3% from last year’s revenue of $7.43 billion.
Analyst Ratings: Analysts are bullish on Coca-Cola as six analysts rate it as a buy, none rate it as a sell and six rate it as a hold.
Revenue has fallen in the past four quarters. Revenue declined 62.9% to $1.84 billion in first quarter. The figure fell 64.9% in the fourth quarter of the last fiscal year from the year earlier, dropped 69.8% in third quarter of the last fiscal year from the year-ago quarter and 0.4% in the second quarter of the last fiscal year.
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).
Stock Price Performance: During July 18, 2011 to July 22, 2011, the stock price had risen $1.89 (6.8%) from $27.93 to $29.82. The stock price saw one of its best stretches over the last year between October 7, 2010 and October 18, 2010 when shares rose for eight-straight days, rising 8.2% (+$1.80) over that span. It saw one of its worst periods between December 10, 2010 and December 22, 2010 when shares fell for nine-straight days, falling 3.6% (-92 cents) over that span. Shares are up $5.02 (+20.2%) year to date.
(Source: Xignite Financials)