Coca-Cola European Partners' (CCE) Q3 Earnings Meet Estimates

Coca-Cola European Partners plc (NYSE:CCE) , or CCEP, 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 60 days. Last quarter, earnings surpassed analysts' expectation by 15.63%. The company has surpassed estimates in three of the past four quarters with an average positive surprise of 6.22%.

Currently, CCE has a Zacks Rank #3 (Hold), but that could definitely change following the company’s 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 beat on earnings. The company reported EPS of 80 cents in line with the Zacks Consensus Estimate.

Coca-Cola European Partners PLC Price and EPS Surprise

Key Stats to Note: Volumes decreased 3.5% year over year on a comparable basis in the quarter.

Stock Price Movement: Shares were down 1.9% 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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