Equity Profile

CCEP

Coca-Cola Europacific Partners PLC

Consumer StaplesSoft Drinks & Non-alcoholic Beverages$43.2B

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. With a market cap of $40 billion, it plays a crucial role in the consumer staples sector, which is often seen as a stable investment during economic fluctuations.

Key Metrics to Watch

Revenue Growth

Investors will be keen to see if the company can maintain or improve its revenue growth, especially in a recovering economy.

N/A

Earnings Per Share (EPS)

EPS is a critical measure of profitability, and any surprises here can significantly impact stock performance.

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 expectations by 10.74%. The stock saw a modest increase of 0.35% the following day, reflecting a positive market reaction.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are mixed as the company prepares to report its Q2 2021 earnings. Investors are looking for signs of recovery in consumer spending and potential growth in revenue.

Bull Case

The optimistic view is that CCEP will report strong revenue growth driven by increased consumer demand as economies reopen, leading to a positive stock reaction.

Bear Case

On the flip side, if the company fails to meet revenue expectations or shows signs of declining market share, it could lead to a negative reaction from investors.

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 key indicator of how well CCEP is recovering from the pandemic and adapting to changing consumer behaviors.

How has CCEP's market share changed in key regions?

Changes in market share can signal competitive strength and consumer preference, which are crucial for future growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for a strong recovery in consumer demand, especially in key markets where CCEP operates. This could lead to better-than-expected revenue growth.

Supporting Evidence

CCEP's historical performance shows a tendency to surprise on the upside, as seen in Q2 2020.

Options pricing indicates a significant expected move, suggesting that investors are bracing for volatility, which could be due to anticipated positive news.

Key Risk

If revenue growth comes in above 10%, it could challenge the cautious outlook currently held by many analysts.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it reflects the company's recovery trajectory and competitive positioning in the beverage market.

Bull Confirmed If

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

Bear Confirmed If

A decline in market share or revenue growth below 5% would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±5%

The options market is pricing in a 5% move in either direction, indicating that investors are anticipating some volatility around the 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 average stock increase of +0.35%, confirming a positive outlook.

In-Line / Cautious

An in-line report may lead to a muted reaction, as investors assess management's commentary on future growth.

Miss

If the company misses expectations, the stock could drop by an average of -1.39%, indicating investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on revenue growth compared to pre-pandemic levels.
2Insights into changes in consumer preferences and product demand.
3Management's outlook on market share in key regions.
4Any updates on cost management strategies and their impact on margins.
5Feedback on the effectiveness of marketing campaigns in driving sales.

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

Investors will be keen to see if the company can maintain or improve its revenue growth, especially in a recovering economy.

N/A

Earnings Per Share (EPS)

EPS is a critical measure of profitability, and any surprises here can significantly impact stock performance.

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 expectations by 10.74%. The stock saw a modest increase of 0.35% the following day, reflecting a positive market reaction.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are mixed as the company prepares to report its Q2 2021 earnings. Investors are looking for signs of recovery in consumer spending and potential growth in revenue.

Bull Case

The optimistic view is that CCEP will report strong revenue growth driven by increased consumer demand as economies reopen, leading to a positive stock reaction.

Bear Case

On the flip side, if the company fails to meet revenue expectations or shows signs of declining market share, it could lead to a negative reaction from investors.

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 key indicator of how well CCEP is recovering from the pandemic and adapting to changing consumer behaviors.

How has CCEP's market share changed in key regions?

Changes in market share can signal competitive strength and consumer preference, which are crucial for future growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for a strong recovery in consumer demand, especially in key markets where CCEP operates. This could lead to better-than-expected revenue growth.

Supporting Evidence

CCEP's historical performance shows a tendency to surprise on the upside, as seen in Q2 2020.

Options pricing indicates a significant expected move, suggesting that investors are bracing for volatility, which could be due to anticipated positive news.

Key Risk

If revenue growth comes in above 10%, it could challenge the cautious outlook currently held by many analysts.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it reflects the company's recovery trajectory and competitive positioning in the beverage market.

Bull Confirmed If

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

Bear Confirmed If

A decline in market share or revenue growth below 5% would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±5%

The options market is pricing in a 5% move in either direction, indicating that investors are anticipating some volatility around the 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 average stock increase of +0.35%, confirming a positive outlook.

In-Line / Cautious

An in-line report may lead to a muted reaction, as investors assess management's commentary on future growth.

Miss

If the company misses expectations, the stock could drop by an average of -1.39%, indicating investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on revenue growth compared to pre-pandemic levels.
2Insights into changes in consumer preferences and product demand.
3Management's outlook on market share in key regions.
4Any updates on cost management strategies and their impact on margins.
5Feedback on the effectiveness of marketing campaigns in driving sales.