Wednesday after the markets close, Keurig Green Mountain Inc. (NASDAQ: GMCR) is set to report its fiscal first-quarter financial results. Thomson Reuters has consensus estimates of $0.89 in earnings per share (EPS) and $1.47 billion in revenue. In the first quarter of the previous year, the company posted $0.96 in EPS and revenue of $1.39 billion.
It is worth noting that Coca-Cola Co. (NYSE: KO) has been diversifying its holdings through the beverage industry. In the past year the soda giant took a sizable stake in Monster Beverage Corp. (NASDAQ: MNST), as well as about a 16% minority stake in Keurig.
Keurig issued a media advisory in December after many media reports had already been published. The company said that its recall was voluntary and noted that the 200 incident reports the company received equaled just 0.003% of the total number of MINI Plus units the company had shipped. The total recall was for over 7 million coffee makers. The reported number of injuries — 90 — is much smaller.
On the year, shares of Keurig are up roughly 20%. However, it has backed off recent highs. Looking at the chart, there have been a couple big jumps by the stock over the past six months, excluding the most recent fall in November for earnings.
In January, Credit Agricole initiated coverage of Keurig with an Underperform rating and a price target of $130. Zacks reiterated a Neutral rating with a $134 price target.
The 50-day moving average is at $133.63 and has acted as an overhang for the stock since the end of November. The 200-day moving average is $127.19 and is currently being tested by shares.
Shares of Keurig were down 1% at $124.71 in Thursday morning trading. The stock has a consensus analyst price target of $148.23 and a 52-week trading range of $80.30 to $158.87.
ALSO READ: The Bullish and Bearish Case for Coca-Cola in 2015
The Average American Has No Idea How Much Money You Can Make Today (Sponsor)
The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.
But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.