Coca-Cola (KO - Free Report) reported $11.95 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 8%. EPS of $0.74 for the same period compares to $0.69 a year ago.
The reported revenue represents a surprise of +4.39% over the Zacks Consensus Estimate of $11.45 billion. With the consensus EPS estimate being $0.69, the EPS surprise was +7.25%.
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: $779 million compared to the $740.93 million average estimate based on four analysts. The reported number represents a change of +14.7% year over year.
- Net Operating Revenue- North America- Total: $4.46 billion compared to the $4.35 billion average estimate based on four analysts. The reported number represents a change of +6.2% year over year.
- Net Operating Revenue- Latin America- Total: $1.57 billion compared to the $1.43 billion average estimate based on four analysts. The reported number represents a change of +24.2% year over year.
- Net Operating Revenue- Asia Pacific- Total: $1.40 billion versus the four-analyst average estimate of $1.45 billion. The reported number represents a year-over-year change of -1.8%.
- Net Operating Revenues- Europe, Middle East & Africa: $2.18 billion versus the four-analyst average estimate of $2.01 billion. The reported number represents a year-over-year change of +9.5%.
- Net Operating Revenue- Bottling investments- Total: $1.86 billion versus $1.75 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +4.1% change.
- Net Operating Revenue- Corporate- Total: $40 million versus $29.53 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +37.9% change.
- Net Operating Revenues- Intersegment: -$340 million versus -$296.36 million estimated by three analysts on average.
- Operating Income- Global Venture- Non-GAAP: $78 million versus $80.77 million estimated by three analysts on average.
- Operating Income- Europe, Middle East & Africa- Non-GAAP: $1.12 billion versus $1.05 billion estimated by three analysts on average.
- Operating Income- Bottling Investments- Non-GAAP: $123 million compared to the $65.62 million average estimate based on three analysts.
- Operating Income- Corporate- Non-GAAP: -$473 million versus -$391.87 million estimated by three analysts on average.
View all Key Company Metrics for Coke here>>>Shares of Coke have returned -5.1% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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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.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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Coca-Cola (KO - Free Report) reported $11.95 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 8%. EPS of $0.74 for the same period compares to $0.69 a year ago.
The reported revenue represents a surprise of +4.39% over the Zacks Consensus Estimate of $11.45 billion. With the consensus EPS estimate being $0.69, the EPS surprise was +7.25%.
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: $779 million compared to the $740.93 million average estimate based on four analysts. The reported number represents a change of +14.7% year over year.
- Net Operating Revenue- North America- Total: $4.46 billion compared to the $4.35 billion average estimate based on four analysts. The reported number represents a change of +6.2% year over year.
- Net Operating Revenue- Latin America- Total: $1.57 billion compared to the $1.43 billion average estimate based on four analysts. The reported number represents a change of +24.2% year over year.
- Net Operating Revenue- Asia Pacific- Total: $1.40 billion versus the four-analyst average estimate of $1.45 billion. The reported number represents a year-over-year change of -1.8%.
- Net Operating Revenues- Europe, Middle East & Africa: $2.18 billion versus the four-analyst average estimate of $2.01 billion. The reported number represents a year-over-year change of +9.5%.
- Net Operating Revenue- Bottling investments- Total: $1.86 billion versus $1.75 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +4.1% change.
- Net Operating Revenue- Corporate- Total: $40 million versus $29.53 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +37.9% change.
- Net Operating Revenues- Intersegment: -$340 million versus -$296.36 million estimated by three analysts on average.
- Operating Income- Global Venture- Non-GAAP: $78 million versus $80.77 million estimated by three analysts on average.
- Operating Income- Europe, Middle East & Africa- Non-GAAP: $1.12 billion versus $1.05 billion estimated by three analysts on average.
- Operating Income- Bottling Investments- Non-GAAP: $123 million compared to the $65.62 million average estimate based on three analysts.
- Operating Income- Corporate- Non-GAAP: -$473 million versus -$391.87 million estimated by three analysts on average.
View all Key Company Metrics for Coke here>>>Shares of Coke have returned -5.1% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Research Chief 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.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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