Green Mountain Coffee Roasters, Inc.

Green Mountain Coffee Roasters, Inc. (GMCR - Analyst Report) provided bullish 2009 earnings guidance after reporting excellent fourth-quarter and full-year results in early November.

Company Description

Green Mountain Coffee Roasters sells specialty coffee products to wholesalers and retailers. The company was founded in 1981 and has a market cap of $958 million.

Fourth-Quarter Results

Green Mountain's share price has been on an impressive rally after the company reported solid fourth-quarter results on Nov 12. Sales rose to $134.8 million from $93 million last year. Net income almost doubled, climbing to $7.1 million from $3.6 million.

This produced earnings of 28 cents per share, ahead of analyst estimates by 7 cents. It was the fourth time in four quarters that Green Mountain has surprised and beat estimates, having done so by an average of 4 cents, or 21%.

Full-Year Results

Green Mountain's full-year results were also strong, with revenue up 46% to $500.3 million and income up 74% to $22.3 million.

Estimates and Guidance

Green Mountain provided bullish guidance for its 2009 full-year results, saying it expects revenue to increase 40% to 45% and earnings between $1.20 and $1.30 per share.

The analyst community is bullish as well, with the next-year estimate pegged at $1.52 per share, a 22% earnings growth projection.

The Chart

Shares of GMCR have been rallying since the company released its fourth-quarter and full-year results in early November. This stock recently broke above a short-term level of resistance just above $36.50. Take a look below.