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Keurig Green Mountain (GMCR) Stock Soaring Over 19% on Q4 Earnings and Revenue Beat

Madeleine Johnson
Updated

Formerly known as Green Mountain Coffee Roasters, Keurig Green Mountain GMCR is a company that sources, produces, and sells coffee, coffee beans, hot cocoa, teas, and other beverages under various brands. Since acquiring brewing-machine manufacturer Keurig in 2006, the company’s products are available in the popular single-serve K-cup pods. Keurig Green Mountain was founded in 1981 and is headquartered in Waterbury Vermont.

Currently, Keurig Green Mountain has a Zacks Rank #4 (Sell) but that could change following its fiscal third quarter 2015 earnings report. We have highlighted some of the key details from the just-released announcement below.

Keurig Green Mountain:

1.       Beat earnings estimates. The company posted $0.85, surpassing our Zacks Consensus Estimate of $0.70 (this number excludes $0.24 from non-recurring items).

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2.       Beat revenue estimates. The company saw revenue figures of $1.04 billion, a 13% decrease from the same quarter in 2014, beating our estimate of $1.025 billion.

3.       Posted Non-GAAP net income of $131.3 million.

4.       Brian Kelley, Keurig's President and CEO said that "I'm particularly pleased with the benefits realized from our cost reduction efforts as well as our strong cash generation, both of which exceeded expectations in the fourth quarter. While we expect marketplace conditions will remain challenging in the near term, we have a stronger product line-up and price positioning as we enter the new holiday season."

5.       GMCR was up $7.87, or 19.43%, to $48.37 as of 4:20 PM ET in after hours trading shortly after its earnings report was released.

Here’s a graph that looks at Keurig Green Mountain’s recent quarterly EPS and growth rate:

Check back later for our full write up on this Keurig Green Mountain fourth quarter earnings report!

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KEURIG GREEN MT (GMCR): Free Stock Analysis Report
 
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