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Coca-Cola (KO) Surpasses Q4 Earnings & Revenue Estimates

Zacks Equity Research
Updated

The Coca-Cola Company KO commands a strong market position due to its global reach, strong brand power offering an ever-growing choice of quality beverages including low- and no-calorie options, expanding international presence, a solid global bottling network and an impressive cash position. Its wide portfolio of sparkling and still beverages has allowed it to consistently gain volume and value share in the beverage market.

Investors should note the recent earnings estimate revisions for KO have been trending upward over the last 60 days. Meanwhile, KO has a solid history in earnings season. KO has delivered positive earnings surprises for three of the past four quarters, making for an average positive earnings surprise of 1.52%.

Currently, KO has a Zacks Rank #3 (Hold), but that could definitely change following Coca-Cola’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: KO surpassed on earnings. The Zacks Consensus Estimate called for EPS of 38 cents/share, and the company reported EPS of 39 cents instead.

Revenues: KO reported revenues of $7.5 billion, beating the Zacks Consensus Estimate of $7.4 billion.

Key Stats to Note: Revenues increased 6% on an organic basis, higher than 4% growth in the previous quarter.

Stock Price: Shares were up 1.52% in pre-market trading at the time of writing.

Check back later for our full write up on this KO earnings report later!

Coca-Cola Company (The) Price and EPS Surprise

 

Coca-Cola Company (The) Price and EPS Surprise | Coca-Cola Company (The) Quote

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Coca-Cola Company (The) (KO) : Free Stock Analysis Report
 
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Zacks Investment Research