This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Peet's Coffee, Zynga: After-Hours Trading (Update 1)

Updated from 5:14 p.m. ET to include latest share prices, information about Apple's move.

NEW YORK ( TheStreet) -- Shares of Peet's Coffee & Tea (PEET) fell in late trades on Tuesday after the company came in a penny short with its fourth-quarter profit and gave a mediocre outlook for fiscal 2012.

The Emeryville, Calif.-based company posted non-GAAP earnings of $5.6 million, or 42 cents a share, in the three months ended Jan. 1 on revenue of $101.6 million. The average estimate of analysts polled by Thomson Reuters was for earnings of 43 cents a share on revenue of $103 million.

For the full year, Peet's sees non-GAAP earnings of $1.70 to $1.80 a share and revenue growth of 10% off its 2011 total of $371.9 million. That implies a total of $409.1 million. The current consensus view is for earnings of $1.79 a share in 2012 on revenue of $409.9 million.

The stock was last quoted at $65.50, down 4%. Based on Tuesday's regular-session close at $68.28, the shares are up more than 60% in the past year, hitting a 52-week high of $69.97 on Feb. 8. At current levels, the forward price-to-earnings multiple on the stock is at 38.2X vs. 18.5X for Green Mountain Coffee Roasters (GMCR) and 21.7X for Starbucks (SBUX).

"Despite record high coffee costs since becoming a public company, we finished fiscal 2011 with diluted earnings per share toward the higher end of our stated range, consistent with previous guidance," said Patrick O'Dea, the company's president and CEO, in a statement. "Our sales growth continues to be strong, led by our grocery business, which grew 29% in the quarter and 30% for the year."

Check out TheStreet's quote page for Peet's Coffee & Tea for year-to-date share performance, analyst ratings, earnings estimates and much more.


Shares of Zynga (ZNGA - Get Report) slumped in Tuesday's extended session despite the online game developer beating Wall Street's earnings expectations in its first ever quarterly report as a public company.

The stock was last quoted at $13.35, down 7%. The shares had a strong run ahead of the report, rising 7% in the regular session to close at $14.35. Zynga priced its IPO at $10 per share in mid-December, but the stock didn't do much until Facebook filed for its own IPO earlier this month, disclosing how much of its revenue it derives from Zynga games like FarmVille.

For the three months ended Dec. 31, Zynga reported non-GAAP earnings of $37.2 million, or 5 cents a share, on revenue of $311.2 million. The average estimate of analysts polled by Thomson Reuters was for a profit of 3 cents a share on revenue of $301.1 million.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
MET $42.79 -1.70%
ZNGA $2.53 10.00%
AAPL $92.91 -0.76%
FB $117.87 -0.16%
GOOG $697.69 0.29%


Chart of I:DJI
DOW 17,721.53 +70.27 0.40%
S&P 500 2,058.63 +7.51 0.37%
NASDAQ 4,738.0360 +12.3970 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs