Green Mountain Coffee Roasters

Green Mountain Coffee Roasters Inc (GMCR - Analyst Report continues to grow rapidly and just reported yet another earnings surprise.

Company Description

Green Mountain Coffee Roasters, Inc is a prominent fixture in the specialty coffee industry. The company sells a wide variety of coffee blends commercially and direct to customers in addition to teas, hot cocoa, and Keurig brewing products. Green Mountain is a socially responsible company headquartered in Waterbury, Vermont and has a market cap of approximately $2 billion.

Sales Up 60%

On Jun 27 Green Mountain announced third-quarter results that included sales of $190.5 million, a 61% year-over-year increase from $118.1 million. Earnings per share came in at 36 cents, more that double last year's 16 cents. The figure topped the Zacks Consensus Estimate by 9 cents and was the sixth consecutive surprise.

The explosive growth has caused analysts to raise estimates. The consensus for 2009 is now $1.12, up from $1.01 since the report. Estimates for 2010 are averaging $1.73, up from $1.44.

These figures represent 93% growth this year and 55% in 2010.

The Chart

Shares of GMCR have more than doubled during the current rally that began back in March.

Read the February 9th Feature Here

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Read the full analyst report on GMCR