The Coca-Cola Company (KO - Free Report) has delivered fourth-quarter 2020 results, wherein earnings beat the Zacks Consensus Estimate and rose year over year. However, the top line lagged estimates and declined on a year-over-year basis. The company witnessed sequential improvements in volume trends.
Comparable earnings of 47 cents per share beat the Zacks Consensus Estimate of 41 cents and improved 6% from the year-ago period. Currency translations negatively impacted earnings by 9%. Comparable currency-neutral earnings per share rose 14%.
Revenues of $8,611 million missed the Zacks Consensus Estimate of $8,699.3 million and declined 5% year over year. Organic revenues were down 3% from the prior-year quarter. The company’s top line reflected improved trends compared with prior quarters. Also, two additional days in the quarter aided revenue growth.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
The Coca-Cola Company (KO - Free Report) has delivered fourth-quarter 2020 results, wherein earnings beat the Zacks Consensus Estimate and rose year over year. However, the top line lagged estimates and declined on a year-over-year basis. The company witnessed sequential improvements in volume trends.
Comparable earnings of 47 cents per share beat the Zacks Consensus Estimate of 41 cents and improved 6% from the year-ago period. Currency translations negatively impacted earnings by 9%. Comparable currency-neutral earnings per share rose 14%.
Revenues of $8,611 million missed the Zacks Consensus Estimate of $8,699.3 million and declined 5% year over year. Organic revenues were down 3% from the prior-year quarter. The company’s top line reflected improved trends compared with prior quarters. Also, two additional days in the quarter aided revenue growth.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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