Equity Profile

CCEP

Coca-Cola Europacific Partners PLC

Consumer StaplesSoft Drinks & Non-alcoholic Beverages$40.2B

Feb16Wed

Pre-Earnings Brief

UpcomingQ3-2020Pre-Market9:00 AM EST

Company Snapshot

Coca-Cola Europacific Partners PLC (CCEP) is a leading bottler of Coca-Cola products in Europe, focusing on soft drinks and non-alcoholic beverages. As a key player in the consumer staples sector, CCEP's performance is closely tied to consumer spending trends and brand loyalty.

Key Metrics to Watch

Revenue Growth

Revenue growth is crucial as it indicates how well the company is expanding its sales, especially in a competitive beverage market.

N/A

Earnings Per Share (EPS)

EPS reflects the company's profitability and is a key indicator for investors assessing financial health.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

CCEP Q3-2020 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 2Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

+2.61%

Avg Stock Reaction

-0.52%

Last Quarter Recap

In the last quarter, CCEP reported an EPS of $0.33, exceeding expectations by 10.74%, although revenue figures were not disclosed. The stock reacted positively, gaining 0.35% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for CCEP's upcoming earnings are mixed, with some investors optimistic about revenue growth while others are cautious due to market conditions.

Bull Case

The optimistic view hinges on strong consumer demand and effective cost management, potentially leading to higher-than-expected revenue and EPS.

Bear Case

Conversely, the pessimistic outlook focuses on rising costs and supply chain challenges that could hinder profitability and growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected revenue growth for the quarter?

Revenue growth is a critical indicator of the company's performance and will heavily influence investor sentiment.

How is CCEP managing rising costs and supply chain issues?

Management's approach to these challenges will be key in determining future profitability and operational efficiency.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate CCEP's ability to manage costs effectively, given recent investments in supply chain improvements.

Supporting Evidence

CCEP's recent EPS beat suggests stronger operational performance than anticipated.

Options pricing indicates a relatively low expected move, which may not reflect potential upside from strong consumer demand.

Historical trends show that CCEP has often exceeded expectations in challenging environments.

Key Risk

If revenue growth comes in below 3%, it could undermine the bullish narrative.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core thesis this quarter revolves around balancing revenue growth against rising operational costs.

Bull Confirmed If

Revenue growth exceeding 5% year-over-year would confirm the bull case.

Bear Confirmed If

If costs rise more than 10% compared to last quarter, it would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±3.02%

The options market is pricing in a potential move of about 3% in either direction following the earnings report.

Detail

ATM IV

0.3%

30d HV

25.7%

Calls (700)P/C Ratio: 0.14Puts (100)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If CCEP beats expectations, history suggests a potential stock increase of around 0.35%, confirming positive market sentiment.

In-Line / Cautious

An in-line report could lead to a muted reaction, as investors await more clarity on future guidance.

Miss

A miss could result in a decline of about 1.39%, reflecting investor disappointment and concerns over operational challenges.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on consumer demand trends in key markets.
2Details on cost management strategies and supply chain improvements.
3Insights into market share changes relative to competitors.
4Guidance on future revenue expectations for the next quarter.
5Management's outlook on potential challenges and opportunities in the beverage market.

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Company Snapshot

Key Metrics to Watch

Revenue Growth

Revenue growth is crucial as it indicates how well the company is expanding its sales, especially in a competitive beverage market.

N/A

Earnings Per Share (EPS)

EPS reflects the company's profitability and is a key indicator for investors assessing financial health.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

CCEP Q3-2020 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 2Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

+2.61%

Avg Stock Reaction

-0.52%

Last Quarter Recap

In the last quarter, CCEP reported an EPS of $0.33, exceeding expectations by 10.74%, although revenue figures were not disclosed. The stock reacted positively, gaining 0.35% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for CCEP's upcoming earnings are mixed, with some investors optimistic about revenue growth while others are cautious due to market conditions.

Bull Case

The optimistic view hinges on strong consumer demand and effective cost management, potentially leading to higher-than-expected revenue and EPS.

Bear Case

Conversely, the pessimistic outlook focuses on rising costs and supply chain challenges that could hinder profitability and growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected revenue growth for the quarter?

Revenue growth is a critical indicator of the company's performance and will heavily influence investor sentiment.

How is CCEP managing rising costs and supply chain issues?

Management's approach to these challenges will be key in determining future profitability and operational efficiency.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate CCEP's ability to manage costs effectively, given recent investments in supply chain improvements.

Supporting Evidence

CCEP's recent EPS beat suggests stronger operational performance than anticipated.

Options pricing indicates a relatively low expected move, which may not reflect potential upside from strong consumer demand.

Historical trends show that CCEP has often exceeded expectations in challenging environments.

Key Risk

If revenue growth comes in below 3%, it could undermine the bullish narrative.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core thesis this quarter revolves around balancing revenue growth against rising operational costs.

Bull Confirmed If

Revenue growth exceeding 5% year-over-year would confirm the bull case.

Bear Confirmed If

If costs rise more than 10% compared to last quarter, it would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±3.02%

The options market is pricing in a potential move of about 3% in either direction following the earnings report.

Detail

ATM IV

0.3%

30d HV

25.7%

Calls (700)P/C Ratio: 0.14Puts (100)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If CCEP beats expectations, history suggests a potential stock increase of around 0.35%, confirming positive market sentiment.

In-Line / Cautious

An in-line report could lead to a muted reaction, as investors await more clarity on future guidance.

Miss

A miss could result in a decline of about 1.39%, reflecting investor disappointment and concerns over operational challenges.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on consumer demand trends in key markets.
2Details on cost management strategies and supply chain improvements.
3Insights into market share changes relative to competitors.
4Guidance on future revenue expectations for the next quarter.
5Management's outlook on potential challenges and opportunities in the beverage market.