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Coca-Cola European Partners (CCE) Q1 Earnings: What's Up?
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Coca-Cola European Partners Plc , also known as CCEP, is expected to report first-quarter 2017 results on May 4.
CCEP was formed on May 28, 2016, through the combination of Coca-Cola Enterprises or CCE, Coca-Cola Iberian Partners or CCIP and CCEG or Coca-Cola Erfrischungsgetränke AG. CCEP, the world's largest independent Coca-Cola bottler based on revenues, is a multinational bottling company engaged in the marketing, production and distribution of Coca-Cola (KO - Free Report) products in Europe.
Last quarter, it posted a positive surprise of 2.78%.The company surpassed earnings in two of the past four quarters, with an average miss 2.11%.
Let’s see how things are shaping up for this announcement.
Factors at Play
CCEP is gaining significant synergies from the merger and is expected to continue to drive growth in the foreseeable future. The company’s continuous focus on brand and package innovation, strengthening execution and customer service, and further improving operating effectiveness will help it drive growth.
We are discouraged by the low inflation environment which is limiting price rise. Also, management discussed about slow growth in January and the shift in Easter date will be affecting quarterly sales.
Also, we are cautious about changing consumer tastes, an increasingly competitive environment and adverse macro conditions in Europe. Moreover, currency translation is a major headwind.
For the first quarter, the Zacks Consensus Estimate for earnings is pegged at 31 cents, reflecting a 23.4% year-over-year decline, while the consensus for revenues is at $2.52 billion, implying a 66.2% year-over-year increase.
Earnings Whispers
Our proven model does not conclusively show an earnings beat for CCEP this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. But that is not the case here, as you will see below.
Zacks ESP: The Earnings ESP is 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 31 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Coca-Cola European Partners PLC Price and EPS Surprise
Zacks Rank: CCEP’s Zacks Rank #3 increases the predictive power of ESP. However, we need to have a positive ESP to be confident about a positive earnings surprise.
We caution against Sell-rated stocks (Zacks Rank #4 or 5) going into the earnings announcement, especially when the company is seeing a negative estimate revisions momentum.
Peer Releases in the Sector
Dr Pepper Snapple Group Inc. recently reported first-quarter 2017 results, with earnings beating the Zacks Consensus Estimate and revenues missing the mark. While sales were driven by 1% volume growth, unfavorable foreign currency translation and adverse segment mix hurt sales by 1%.
The Hershey Company’s (HSY - Free Report) first-quarter 2017 earnings beat the Zacks Consensus Estimate and sales missed the mark by 3.9% and 1.1%, respectively. Earnings benefited from higher demand in the U.S.
PepsiCo, Inc. (PEP - Free Report) reported better-than-expected results in first-quarter 2017, with both earnings and revenues beating the Zacks Consensus Estimate. Positive price realization, cost-cutting initiatives and healthier snacks offerings drove the beats.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Image: Bigstock
Coca-Cola European Partners (CCE) Q1 Earnings: What's Up?
Coca-Cola European Partners Plc , also known as CCEP, is expected to report first-quarter 2017 results on May 4.
CCEP was formed on May 28, 2016, through the combination of Coca-Cola Enterprises or CCE, Coca-Cola Iberian Partners or CCIP and CCEG or Coca-Cola Erfrischungsgetränke AG. CCEP, the world's largest independent Coca-Cola bottler based on revenues, is a multinational bottling company engaged in the marketing, production and distribution of Coca-Cola (KO - Free Report) products in Europe.
Last quarter, it posted a positive surprise of 2.78%.The company surpassed earnings in two of the past four quarters, with an average miss 2.11%.
Let’s see how things are shaping up for this announcement.
Factors at Play
CCEP is gaining significant synergies from the merger and is expected to continue to drive growth in the foreseeable future. The company’s continuous focus on brand and package innovation, strengthening execution and customer service, and further improving operating effectiveness will help it drive growth.
We are discouraged by the low inflation environment which is limiting price rise. Also, management discussed about slow growth in January and the shift in Easter date will be affecting quarterly sales.
Also, we are cautious about changing consumer tastes, an increasingly competitive environment and adverse macro conditions in Europe. Moreover, currency translation is a major headwind.
For the first quarter, the Zacks Consensus Estimate for earnings is pegged at 31 cents, reflecting a 23.4% year-over-year decline, while the consensus for revenues is at $2.52 billion, implying a 66.2% year-over-year increase.
Earnings Whispers
Our proven model does not conclusively show an earnings beat for CCEP this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. But that is not the case here, as you will see below.
Zacks ESP: The Earnings ESP is 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 31 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Coca-Cola European Partners PLC Price and EPS Surprise
Coca-Cola European Partners PLC Price and EPS Surprise | Coca-Cola European Partners PLC Quote
Zacks Rank: CCEP’s Zacks Rank #3 increases the predictive power of ESP. However, we need to have a positive ESP to be confident about a positive earnings surprise.
We caution against Sell-rated stocks (Zacks Rank #4 or 5) going into the earnings announcement, especially when the company is seeing a negative estimate revisions momentum.
Peer Releases in the Sector
Dr Pepper Snapple Group Inc. recently reported first-quarter 2017 results, with earnings beating the Zacks Consensus Estimate and revenues missing the mark. While sales were driven by 1% volume growth, unfavorable foreign currency translation and adverse segment mix hurt sales by 1%.
The Hershey Company’s (HSY - Free Report) first-quarter 2017 earnings beat the Zacks Consensus Estimate and sales missed the mark by 3.9% and 1.1%, respectively. Earnings benefited from higher demand in the U.S.
PepsiCo, Inc. (PEP - Free Report) reported better-than-expected results in first-quarter 2017, with both earnings and revenues beating the Zacks Consensus Estimate. Positive price realization, cost-cutting initiatives and healthier snacks offerings drove the beats.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>