Coca-Cola European Partners Plc (CCE - Free Report) is the world’s largest independent Coca-Cola bottler based on revenue and serves over 300 million consumers across Western Europe, including Andorra, Belgium, continental France, Germany, Great Britain, Luxembourg, Monaco, the Netherlands, Norway, Portugal, Spain and Sweden.
Investors should also note that earnings estimates have moved upward for CCE in the last 30 days. Last quarter, the company posted a positive earnings surprise of 2.78%. In fact, the company has surpassed estimates in three of the past four quarters. However, second quarter earnings miss had an unfavorable impact on the trailing four quarters that resulted in an average negative surprise of 1.13%.
Currently, CCE has a Zacks Rank #2 (Buy), but that could definitely change following Coca-Cola Enterprises’ earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: CCE earnings meet expectations. The company reported EPS of 46 cent, in line with the Zacks Consensus Estimate.
Revenues: CCE reported net sales of $2.78 billion, lagging our consensus estimate of $2.81 billion.
Key Stats to Note: Volumes increased 2.5% year over year on a pro forma basis, or grew 1.5% on a pro forma comparable basis in the quarter.
Stock Price: Shares were down 0.31% in the pre-market trading session at the time of writing.
Check back later for our full write up on this CCE earnings report later!
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