J.P. Morgan's Expectations For Coca-Cola Enterprises Earnings

Coca-Cola Enterprises, Inc. CCE will report Q3 earnings before the open today, J.P. Morgan reports. “The deal to divest its North American business to KO closed on October 3rd, and the company will be publishing Q3 reported results for its European business without Norway and Sweden and pro-forma results, which should include them,” J.P. Morgan writes. “We would expect Q3 pro-forma EPS for the European business including Norway and Sweden to be in the $0.54 range and reported results (without Norway and Sweden) to be about $0.50.” Coca-Cola Enterprises currently trades at $23.53.