Coca-Cola Enterprises Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Coca-Cola Enterprises, Inc. (NYSE:CCE) will unveil its latest earnings on Thursday, October 27, 2011. 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 69 cents per share, a rise of 15% 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 73 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 69 cents during the last month. For the year, analysts are projecting net income of $2.13 per share, a rise of 19.7% from last year.

Past Earnings Performance: Last quarter, the company topped estimates by 0 cents, coming in at profit of 76 cents per share against a mean estimate of net income of 74 cents. The company fell in line with estimates in the first quarter.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 6.4% in revenue from the year-earlier quarter to $2.16 billion.

Analyst Ratings: Analysts seem relatively indifferent about Coca-Cola Enterprises with five of nine analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit fell 30.9% to $246 million (74 cents a share) from $356 million (69 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 59.1% to $2.41 billion from $5.88 billion.

Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 62.9% in the first quarter from the year earlier, dropped 64.9% in fourth quarter of the last fiscal year from the year-ago quarter and 69.8% in the third 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 28, 2011 to October 21, 2011, the stock price had fallen $2.60 (-9.2%) from $28.17 to $25.57. The stock price saw one of its best stretches over the last year between January 7, 2011 and January 18, 2011 when shares rose for seven-straight days, rising 6.8% (+$1.61) 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 89 cents (+3.6%) year to date.

(Source: Xignite Financials)

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