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 over the last 60 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 1.48%.
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 surpassed on earnings. The Zacks Consensus Estimate called for EPS of 46 cents/share, and the company reported EPS of 47 cents instead.
Revenues: KO reported revenues of $7.6 billion, beating the Zacks Consensus Estimate of $7.43 billion.
Key Stats to Note: Revenues increased 5% on an organic basis, softer than 5% growth in the previous quarter.
Stock Price: Shares were up 1% in pre-market trading at the time of writing.
Check back later for our full write up on this KO earnings report later!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
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) 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 over the last 60 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 1.48%.
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 surpassed on earnings. The Zacks Consensus Estimate called for EPS of 46 cents/share, and the company reported EPS of 47 cents instead.
Revenues: KO reported revenues of $7.6 billion, beating the Zacks Consensus Estimate of $7.43 billion.
Key Stats to Note: Revenues increased 5% on an organic basis, softer than 5% growth in the previous quarter.
Stock Price: Shares were up 1% in pre-market trading at the time of writing.
Check back later for our full write up on this KO earnings report later!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
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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