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Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) will unveil its latest earnings on Tuesday, November 27, 2012. Green Mountain Coffee Roasters operates in the specialty coffee industry in the United States and internationally. It sells approximately 200 whole bean and ground coffee selections, cocoa, teas, and coffees.
Green Mountain Coffee Roasters Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 47 cents per share, no change from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 36.6% versus last year to $2.24.
Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the third quarter, it reported profit of 52 cents per share versus a mean estimate of 49 cents. Two quarters ago, it reported net income of 64 cents per share.
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A Look Back: In the third quarter, profit rose 30.1% to $73.3 million (46 cents a share) from $56.3 million (37 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 21.2% to $869.2 million from $717.2 million.
Wall St. Revenue Expectations: On average, analysts predict $902.2 million in revenue this quarter, a rise of 26.7% from the year-ago quarter. Analysts are forecasting total revenue of $3.81 billion for the year, a rise of 43.8% from last year’s revenue of $2.65 billion.
Stock Price Performance: From October 23, 2012 to November 20, 2012, the stock price rose $4.09 (17.2%), from $23.78 to $27.87. The stock price saw one of its best stretches over the last year between July 23, 2012 and July 31, 2012, when shares rose for seven straight days, increasing 4.4% (+77 cents) over that span. It saw one of its worst periods between March 21, 2012 and April 4, 2012 when shares fell for 11 straight days, dropping 21.3% (-$11.91) over that span.
The company enters this earnings announcement with substantial revenue momentum. The company has averaged year-over-year revenue growth of 62.8% over the last four quarters.
After experiencing income increases the last three quarters, the company is hoping to keep the good news coming with this earnings announcement. Net income rose 4584.3% in the first quarter and 42.3% in the second quarter before increasing again in the third quarter.
Analyst Ratings: There are eight out of 14 analysts surveyed (57.1%) rating Green Mountain Coffee Roasters a buy.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 2.46 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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