Earnings estimates for Green Mountain Coffee Roasters Inc. (GMCR - Analyst Report) have trended higher following its robust fiscal fourth quarter report late last month, which included a positive earnings surprise of more than 36% and an enhanced outlook for fiscal 2013. As a result, all 11 estimates for its current fiscal year have advanced in the last 30 days. In addition, this specialty coffee maker is currently trading at a 46.8% discount to its 52-week high of $71.15.
Green Mountain Coffee Roasters reported fiscal fourth quarter adjusted earnings of 64 cents on November 27, surpassing both the Zacks Consensus Estimate and last year’s earnings by 36.2%. Due to a calendar shift, the quarter included an additional week, which contributed about 7 cents. Earnings were primarily aided by solid top-line growth of 33.0% and a decrease in interest expense of 15.2%.
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