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Coca-Cola (KO) Misses on Q1 Earnings, Beats Revenue
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The Coca-Cola Company (KO - Free Report) 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 mostly upward in the last 30 days. Moreover, KO has a superb history in earnings season. KO has delivered positive earnings surprise for four straight, making for an average positive earnings surprise of 2.65%.
Key Stats to Note: For full year 2017, the company expects adjusted EPS to fall 1% to 3%, compared to $1.91 in 2016. The company expects about 3% growth in organic revenues with 1-2% currency headwind.
Stock Price: Shares were down 0.14% in pre-market trading at the time of writing.
Check back later for our full write up on this KO earnings report later!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
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Coca-Cola (KO) Misses on Q1 Earnings, Beats Revenue
The Coca-Cola Company (KO - Free Report) 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 mostly upward in the last 30 days. Moreover, KO has a superb history in earnings season. KO has delivered positive earnings surprise for four straight, making for an average positive earnings surprise of 2.65%.
Currently, KO has a Zacks Rank #2 (Buy), 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 missed on earnings. Our consensus earnings estimate called for EPS of 44 cents/share, and the company reported EPS of 43 cents instead.
Revenues: KO reported revenues of $9.1 billion, surpassing our consensus estimate of $8.97 billion.
Coca-Cola Company (The) Price and EPS Surprise
Coca-Cola Company (The) Price and EPS Surprise | Coca-Cola Company (The) Quote
Key Stats to Note: For full year 2017, the company expects adjusted EPS to fall 1% to 3%, compared to $1.91 in 2016. The company expects about 3% growth in organic revenues with 1-2% currency headwind.
Stock Price: Shares were down 0.14% in pre-market trading at the time of writing.
Check back later for our full write up on this KO earnings report later!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>