These Popular Restaurant and Coffee Stocks are Up Big Before Earnings

The Wendy’s Company (NYSE:WEN) will unveil its latest earnings on Wednesday, November 9, 2011. The average estimate of analysts is for profit of 4 cents per share, a decline of 20% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting net income of 15 cents per share, a rise of 7.1% from last year.

The company has missed estimates in the last two quarters. In the second quarter, it missed the mark by one cent as a result of reporting profit of 5 cents against an estimate of net income of 6 cents per share. In the first quarter, the company fell short of forecasts by one cent.  On average, analysts predict $619.3 million in revenue this quarter, a decline of 28.1% from the year ago quarter. Analysts are forecasting total revenue of $2.43 billion for the year, a decline of 28.5% from last year’s revenue of $3.4 billion.

Competitors to Watch: McDonald’s Corporation (NYSE:MCD), Good Times Restaurants Inc. (NASDAQ:GTIMD), Carrols Restaurant Group, Inc. (NASDAQ:TAST), Tim Hortons Inc. (NYSE:THI), Yum! Brands, Inc. (NYSE:YUM), Jack in the Box Inc. (NASDAQ:JACK), Panera Bread Company (NASDAQ:PNRA), Chipotle (NYSE:CMG), Starbucks (NASDAQ:SBUX) and Nathan’s Famous, Inc. (NASDAQ:NATH).

Green Mountain Coffee Roasters, Inc. (NASDAQ:GMCR) will unveil its latest earnings on Wednesday, November 9, 2011. The average estimate of analysts is for profit of 48 cents per share, a rise of more than twofold from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 147.8% versus last year to $1.66.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 13 cents, reporting net income of 49 cents per share against a mean estimate of profit of 36 cents per share. On average, analysts predict $760.5 million in revenue this quarter, a rise of more than twofold from the year ago quarter. Analysts are forecasting total revenue of $2.7 billion for the year, a rise of 98.5% from last year’s revenue of $1.36 billion.

Competitors to Watch: Farmer Brothers Co. (NASDAQ:FARM), Peet’s Coffee & Tea, Inc. (NASDAQ:PEET), Coffee Holding Co., Inc. (NASDAQ:JVA), Starbucks Corporation (NASDAQ:SBUX), The J.M. Smucker Company (NYSE:SJM), Sara Lee Corp. (NYSE:SLE), Dunkin Brands (NASDAQ:DNKN) and Kraft Foods Inc. (NYSE:KFT).