Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) revealed its earnings report for the first three months of 2013 this afternoon after the market closed. The company showed earnings of $0.93 for the quarter, on revenues totaling $1 billion. The first three months of the year is recorded by Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) as the company’s second fiscal quarter.
In the lead up to the company’s revelation, analysts following its fortunes expected it to announced earnings of 72 cents per share on revenue of $1 billion. In the first three months of 2012 Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) earned 59 cents per share on revenues of $885 million. In the hours leading up to the announcement of earnings, whisper numbers indicated that the company would beat expectations by five or six cents on EPS.
On today’s market, shares in Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) trended up a fraction and finished the day at $59.48. So far this year, the firm’s stock has performed phenomenally, gaining more than 40 percent in value since January 1. The huge spike in value appears to be a reaction to the lows the firm’s shares suffered toward the end of 2012.
Shares in the company reached a 2012 high of $69 before falling for most of the rest of the year. The company’s stock began a long climb back to high value after a solid earnings report in November of 2012, and the increase in the firm’s value has increased in a 2013 market boom.
Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) is, like many high growth equities, contentious, and that makes its pricing volatile. On today’s market, the firm was valued at a 2012 P/E ratio of 25. That number implies that the company is expected to grow a great deal in the coming years. If it fails in that goal, or it stumbles along the way, trading can become quite volatile.
Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) has many fans, and the voices of analysts really tend to matter when it comes to the stock. When analysts decide to upgrade, or downgrade the firm’s stock, it can cause large changes in the firm’s stock price. Investors looking to get in on the company’s offerings should be aware of the risk of volatility.
Short interest in the company has been decreasing since November, but about 25 percent of the float was sold short by mid January. There’s sure to be interesting after-market trading on the stock this afternoon.