For the quarter ended December 2022, Coca-Cola (KO - Free Report) reported revenue of $10.13 billion, up 7% over the same period last year. EPS came in at $0.45, compared to $0.45 in the year-ago quarter.
The reported revenue represents a surprise of +1.20% over the Zacks Consensus Estimate of $10.01 billion. With the consensus EPS estimate being $0.45, the company has not delivered EPS surprise.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Coke performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net operating revenue- Global Ventures: $740 million compared to the $710.19 million average estimate based on four analysts. The reported number represents a change of -4.5% year over year.
- Net operating revenue-North America-Total: $3.85 billion versus $3.95 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +13.6% change.
- Net operating revenue-Latin America-Total: $1.29 billion compared to the $1.17 billion average estimate based on four analysts. The reported number represents a change of +25.2% year over year.
- Net operating revenue-Asia Pacific-Total: $1.04 billion versus $998.74 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +2.9% change.
- Net operating revenues-Europe, Middle East & Africa: $1.52 billion versus $1.58 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -7.3% change.
- Net operating revenue-Bottling investments-Total: $1.98 billion compared to the $1.93 billion average estimate based on four analysts. The reported number represents a change of +4.1% year over year.
- Net operating revenue-Corporate-Total: $17 million compared to the $27.53 million average estimate based on three analysts. The reported number represents a change of -34.6% year over year.
- Net operating revenues-Intersegment [$M]: -$316 million versus -$315.37 million estimated by three analysts on average.
- Operating income- Global Venture-Non GAAP: $36 million versus $66.37 million estimated by three analysts on average.
- Operating income-Europe, Middle East & Africa -Non GAAP: $647 million versus the three-analyst average estimate of $730.58 million.
- Operating income-Bottling Investments-Non GAAP: $128 million versus the three-analyst average estimate of $168.81 million.
- Operating income-Corporate-Non GAAP: -$411 million versus the three-analyst average estimate of -$557.60 million.
View all Key Company Metrics for Coke here>>>
Shares of Coke have returned -1.4% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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For the quarter ended December 2022, Coca-Cola (KO - Free Report) reported revenue of $10.13 billion, up 7% over the same period last year. EPS came in at $0.45, compared to $0.45 in the year-ago quarter.
The reported revenue represents a surprise of +1.20% over the Zacks Consensus Estimate of $10.01 billion. With the consensus EPS estimate being $0.45, the company has not delivered EPS surprise.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Coke performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Coke here>>>
Shares of Coke have returned -1.4% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Zacks Investment Research has released a Special Report to help you pursue massive profits from the world’s first and largest decentralized form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%.
Zacks predicts another significant surge. Click below for Bitcoin: A Tumultuous Yet Resilient History.
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