What to Look for in Coca-Cola Earnings
Coca-Cola is expected to report its first-quarter financial results before the markets open on Wednesday.
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Coca-Cola Co. (NYSE: KO) is set to report its first-quarter financial results before the markets open on Wednesday. The consensus estimates from Thomson Reuters are $0.44 in earnings per share (EPS) on $10.28 billion in revenue. In the same period of last year, it posted EPS of $0.48 and $10.70 billion in revenue.
This stock remains a top Warren Buffet holding and offers not only safety, but an incredible strong worldwide brand. Coca-Cola is the world’s largest beverage company, refreshing consumers with more than 500 sparkling and still brands. Globally, it is the number one provider of sparkling beverages, ready-to-drink coffees and juices and juice drinks.
Led by Coca-Cola, one of the world’s most valuable and recognizable brands, the company’s portfolio features 20 billion-dollar brands, including Diet Coke, Fanta, Sprite, Coca-Cola Zero, vitaminwater, Powerade, Minute Maid, Simply, Georgia and Del Valle. Through the world’s largest beverage distribution system, consumers in more than 200 countries enjoy its beverages at a rate of more than 1.9 billion servings a day.
The strong U.S. dollar may not continue to be a headwind to the international business as the uptrend seems to have rolled over. The company has expanded its product lines, and it posted fourth-quarter earnings that top Wall Street analysts were very encouraged by.
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A few analysts weighed in on Coca-Cola prior to the release of the earnings report:
- Jefferies has a Neutral rating with a $48 price target.
- Sanford Bernstein has a Buy rating with a $50 price target.
- Susquehanna reiterated a Hold rating with a $41 price target.
- RBC Capital reiterated a Buy rating with a $52 price target.
- Merrill Lynch reiterated a Buy rating with a $52 price target.
So far in 2016, this stock has outperformed the broad markets with a more than 8% gain. Over the past 52 weeks, the stock is up over 18%.
Shares of Coca-Cola were trading at $46.47 on Tuesday, with a consensus analyst price target of $47.73 and a 52-week trading range of $36.56 to $47.13.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
