Green Mountain Coffee (GMCR) Technical Analysis November 28, 2012

Shares of Green Mountain Coffee (GMCR) +1.19%  traded as high as $36.50, or up 26%, in heavy volume after hours. They recently gained 24% at $35.77 after fiscal fourth-quarter adjusted earnings at the company, known for its Keurig line of single-cup brewers and accompanying K-Cups, came in at 64 cents a share, with revenue surging 33% to $946.7 million from $711.9 million in the year-earlier period. Analysts polled by FactSet had expected adjusted earnings of 48 cents on sales of $902.7 million.

Net earnings in the most recent period were $91.9 million, or 58 cents a share, on higher sales of coffee and tea K-Cups. A year earlier, earnings were $75.4 million or 47 cents a share. Gross margin narrowed to 33.4% from 35.7% a year ago. See: Green Mountain Coffee profit up 22% on K-Cup sales. Green Mountain raised its forecast for fiscal 2013 adjusted earnings to a range between $2.64 to $2.74 a share. It previously had expected adjusted earnings of $2.55 to $2.65 a share. The FactSet consensus estimate calls for adjusted earnings of $2.49 a share.

The company also backed its forecast for total net-sales growth of 15% to 20% over fiscal 2012.

For the fiscal first quarter, Green Mountain foresees adjusted earnings of 62 cents to 67 cents a share, higher than Wall Street’s forecast of 57 cents a share.

Shares of Green Mountain Coffee (GMCR) has reistance level  at$36.50 and support at $30.

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