Equity Profile

CCEP

Coca-Cola Europacific Partners PLC

Consumer StaplesSoft Drinks & Non-alcoholic Beverages$47.5B

Sep2Thu

Pre-Earnings Brief

UpcomingQ2-2021Pre-Market9:00 AM EDT

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. The company plays a crucial role in the consumer staples sector, benefiting from steady demand for beverages, especially as consumer spending rebounds post-pandemic.

Key Metrics to Watch

Revenue Growth

Revenue growth is essential to gauge how well CCEP is recovering from the pandemic and adapting to changing consumer preferences.

N/A

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will help investors assess the company's financial health this quarter.

N/A

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

CCEP Q2-2021 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 Q2 2020, CCEP reported an EPS of $0.33, exceeding estimates by 10.74%. The stock saw a modest increase of 0.35% the following day, indicating a positive market reaction.

Management Promises & Guidance

Focus on expanding product offerings to meet consumer demand.
Commitment to sustainability initiatives.
Plans to enhance distribution channels across Europe.

Expectations

Wall Street Expectations

Overall, expectations are mixed as investors await clarity on revenue recovery and profitability. The market is particularly focused on how well CCEP has navigated post-pandemic challenges.

Bull Case

The optimistic view hinges on strong revenue growth driven by increased consumer spending and successful product launches, potentially leading to an EPS beat.

Bear Case

Conversely, if CCEP reports weaker-than-expected revenue or profitability, it could signal ongoing challenges in the beverage market, leading to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected revenue growth for this quarter?

Revenue growth will be a critical indicator of CCEP's recovery and ability to capture market demand post-pandemic.

How has CCEP's market share changed in the last quarter?

Changes in market share will provide insights into CCEP's competitive positioning and effectiveness in the beverage sector.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate CCEP's ability to leverage new product launches and increased consumer spending, which could lead to stronger-than-expected revenue growth.

Supporting Evidence

Historical data shows a 67% chance of holding or extending moves after earnings, suggesting potential upside.

The options market is pricing a 5% move, indicating that significant volatility is expected, which may not align with conservative consensus estimates.

Key Risk

If revenue growth exceeds 10%, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is crucial as it reflects CCEP's ability to adapt to changing consumer behaviors and market conditions.

Bull Confirmed If

Revenue growth exceeding 10% year-over-year would confirm the bull case.

Bear Confirmed If

Revenue growth below 2% would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±5%

The options market is pricing in a potential move of 5% in either direction, indicating uncertainty about the upcoming earnings report.

Detail

30d HV

26.1%

Calls (10K)P/C Ratio: 0.10Puts (2K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat setup in Consumer Staples

n=30

Fade rate: 9 of 27 (33%)

This setup has occurred 30 times across Consumer Staples in the last 2 years. 18 of 27 (67%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.7%, with a raw directional average of +1.7% (modestly positive historical bias).

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 a positive outlook for the company.

In-Line / Cautious

If results are in line but cautious commentary is provided, the stock may react neutrally, reflecting uncertainty in future growth.

Miss

A miss on earnings could lead to a decline of approximately 1.39%, as seen in past reactions, indicating market disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on revenue growth and specific figures compared to last quarter.
2Insights into market share changes and competitive positioning.
3Updates on new product launches and their reception in the market.
4Any commentary on cost management and profitability strategies.
5Information on sustainability initiatives and their impact on brand perception.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Key Metrics to Watch

Revenue Growth

Revenue growth is essential to gauge how well CCEP is recovering from the pandemic and adapting to changing consumer preferences.

N/A

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will help investors assess the company's financial health this quarter.

N/A

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

CCEP Q2-2021 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 Q2 2020, CCEP reported an EPS of $0.33, exceeding estimates by 10.74%. The stock saw a modest increase of 0.35% the following day, indicating a positive market reaction.

Management Promises & Guidance

Focus on expanding product offerings to meet consumer demand.
Commitment to sustainability initiatives.
Plans to enhance distribution channels across Europe.

Expectations

Wall Street Expectations

Overall, expectations are mixed as investors await clarity on revenue recovery and profitability. The market is particularly focused on how well CCEP has navigated post-pandemic challenges.

Bull Case

The optimistic view hinges on strong revenue growth driven by increased consumer spending and successful product launches, potentially leading to an EPS beat.

Bear Case

Conversely, if CCEP reports weaker-than-expected revenue or profitability, it could signal ongoing challenges in the beverage market, leading to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected revenue growth for this quarter?

Revenue growth will be a critical indicator of CCEP's recovery and ability to capture market demand post-pandemic.

How has CCEP's market share changed in the last quarter?

Changes in market share will provide insights into CCEP's competitive positioning and effectiveness in the beverage sector.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate CCEP's ability to leverage new product launches and increased consumer spending, which could lead to stronger-than-expected revenue growth.

Supporting Evidence

Historical data shows a 67% chance of holding or extending moves after earnings, suggesting potential upside.

The options market is pricing a 5% move, indicating that significant volatility is expected, which may not align with conservative consensus estimates.

Key Risk

If revenue growth exceeds 10%, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is crucial as it reflects CCEP's ability to adapt to changing consumer behaviors and market conditions.

Bull Confirmed If

Revenue growth exceeding 10% year-over-year would confirm the bull case.

Bear Confirmed If

Revenue growth below 2% would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±5%

The options market is pricing in a potential move of 5% in either direction, indicating uncertainty about the upcoming earnings report.

Detail

30d HV

26.1%

Calls (10K)P/C Ratio: 0.10Puts (2K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat setup in Consumer Staples

n=30

Fade rate: 9 of 27 (33%)

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 a positive outlook for the company.

In-Line / Cautious

If results are in line but cautious commentary is provided, the stock may react neutrally, reflecting uncertainty in future growth.

Miss

A miss on earnings could lead to a decline of approximately 1.39%, as seen in past reactions, indicating market disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on revenue growth and specific figures compared to last quarter.
2Insights into market share changes and competitive positioning.
3Updates on new product launches and their reception in the market.
4Any commentary on cost management and profitability strategies.
5Information on sustainability initiatives and their impact on brand perception.