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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 stable in the last 30 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 1.53%.
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 49 cents/share, and the company reported EPS of 50 cents instead.
Revenues: KO reported revenues of $9.1 billion, beating the Zacks Consensus Estimate of $8.84 billion.
Key Stats to Note: Revenues increased 4% on an organic basis, higher than 1.7% in the previous quarter.
Stock Price: Shares were up 0.5% in pre-market trading at the time of writing.
Check back later for our full write up on this KO earnings report later!
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
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Coca-Cola (KO) Surpasses Q3 Earnings & Revenue Estimates
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 stable in the last 30 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 1.53%.
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.
Coca-Cola Company (The) Price and EPS Surprise
Coca-Cola Company (The) Price and EPS Surprise | Coca-Cola Company (The) Quote
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 49 cents/share, and the company reported EPS of 50 cents instead.
Revenues: KO reported revenues of $9.1 billion, beating the Zacks Consensus Estimate of $8.84 billion.
Key Stats to Note: Revenues increased 4% on an organic basis, higher than 1.7% in the previous quarter.
Stock Price: Shares were up 0.5% in pre-market trading at the time of writing.
Check back later for our full write up on this KO earnings report later!
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
Click here for Zacks' secret trade>>