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Coca-Cola European Partners (CCE) Tops Q3 Earnings Estimate

Coca-Cola European Partners Plc CCE, the Western European bottler of The Coca-Cola Company, serves a market of more than 170 million consumers throughout Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway and Sweden.

Investors should also note that earnings estimate movement for CCE has been stable in the last 60 days. Last quarter, the company posted a negative earnings surprise of 13.7% as a result of which the trailing four-quarter average earnings surprise stands at a negative 0.9%.

Currently, CCE has a Zacks Rank #5 (Strong Sell), 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:

COCA-COLA EU PT Price and EPS Surprise

Earnings: CCE beats earnings. Our consensus earnings estimate called for EPS of 72 cents /share, and the company reported EPS of 74 cents instead. Investors should note that these figures take out stock option expenses.

Key Stats to Note: Volumes increased 3.5% year over year.

Stock Price: Inactive in pre-market trading.

Check back later for our full write up on this CCE earnings report later!

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