Green Mountain Coffee Roasters Inc.

Green Mountain Coffee Roasters, Inc. (GMCR - Analyst Report) was last featured as a Zacks Rank buy on Sept 16 and has just reported great quarterly results.

Earnings Nearly Double

On Nov 12 Green Mountain Coffee Roasters reported fourth quarter earnings per share of 28 cents, up from 14 cents in the same quarter last year.

The announcement surprised analysts who were projecting earnings of 21 cents. The 33% surprise was the third consecutive time the company beat estimates.

Net sales were also up totaling $135 million, a 45% year-over-year increase from $93 million. 273 million K-Cup single serving packs were shipped during the quarter, a 62% increase.

Growth and Valuation

Estimates for fiscal year 2009 are $1.23 per share a 42% increase over 2008. The 2010 estimates are averaging $1.52, a 24% increase.

Shares are currently trading with a PEG ratio of 1.2 a bit higher than the industry average of 1.0.

The Chart

After shares of GMCR made a double bottom near $24.50, they jumped following the earnings announcement. Take a look at the chart below.

Read the September 18th Feature Here

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Read the full analyst report on GMCR