Ahead Of Dr Pepper Snapple Group's Q1 Results

(RTTNews) - Beverage maker Dr Pepper Snapple Group Inc. (DPS) is slated to release its first-quarter results before the bell on Wednesday, April 27. Consensus estimate calls for earnings of $0.86 per share on revenue of $1.47 billion, according to Thomson Reuters analysts.

For fiscal 2016...

The company projects reported net sales to be up about 1% and core earnings per share in a range of $4.20 - $4.30.

Collectively, foreign currency translation and transaction are expected to negatively impact net sales by about 2% and core earnings per share growth by about 4%, or $0.18 per share.

Analysts currently expect earnings of $4.32 per share on revenue growth of 2.3% to $6.38 billion for the year.

In the last quarter...

The Plano, Texas-based company's net income increased to $185 million or $0.97 per share from $150 million or $0.77 per share a year ago.

Excluding items, core earnings for the quarter were $1.00 per share, compared to $0.88 per share last year. Analysts expected earnings of $0.98 per share.

Net sales for the fourth quarter rose to $1.55 billion from $1.51 billion last year. Analysts had a consensus revenue estimate of $1.53 billion for the quarter. Net sales increased 2% after a 2% reduction for foreign currency translation. Net sales grew on favorable product, package and segment mix, price increases and lower discounts.

For the quarter, bottle case sales volume increased 1%, with carbonated soft drinks flat and non-carbonated beverages up 4%.