Coca-Cola beat Wall Street estimates for fourth-quarter profit and revenue on Tuesday, helped by resilient demand for its sodas and juices and higher prices, sending its shares up 3% premarket.
Shares of Coke have risen 7% over the past year, raising its market cap to $275 billion. Analysts are expecting the beverage giant to report a 2.5% decline in its quarterly sales.
Coca-Cola (NYSE:KO) is set to release its fourth-quarter earnings on Tuesday before the market opens, with Wall Street analysts expecting a 6% rise in earnings per share to 52 cents. However, revenue is projected to decline 2.5% year-over-year to $10.68 billion.
Consensus estimates expect Coke to print $0.52 in EPS, $10.68 billion in revenue and $2.67 billion in operating income, for expected y-o-y growth of +6%, -2% and +5%. Coca-Cola could be up $5 after reporting earnings tomorrow morning, so this article isn't any kind of recommendation or suggestion on buying or holding or selling the shares. Part of the weakness in cash flow from ops, could be the lack of any healthy secular growth in the majority of its product lines, but James Quincey has been trying to remedy that.
Coca-Cola Co KO will be reporting its fourth-quarter earnings on Tuesday. Wall Street expects 52 cents in EPS and $10.68 billion in revenues as the company reports before market hours.
Coca-Cola's investment in Fairlife, its protein-boosted, reduced-sugar milk brand, is paying off, becoming the company's fastest-growing US brand.
Soft drink giant Coca-Cola (KO 0.76%) and sporting apparel veteran Nike (NKE -4.26%) have a lot in common. I'm not talking about their long and storied business histories, their proven ability to deliver market-beating returns in the long run, or their household-name status in American culture.
Everyone loves a bargain, especially on Wall Street. But just because a company's stock is cheap doesn't mean it is worth owning.
Coca-Cola (KO) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Hardly a person hasn't heard of Coca-Cola (KO 0.27%) given that its namesake soda is one of the best-known brands around the world. The stock has also been a long-term holding in investment legend Warren Buffett's Berkshire Hathaway portfolio.
Evaluate the expected performance of Coca-Cola (KO) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
KO's fourth-quarter results are expected to reflect positive business trends, backed by a robust brand portfolio, favorable pricing/mix and revenue growth in its segments.