The Coca-Cola Company (KO - Free Report) , the global producer and marketer of beverages, came out with second-quarter 2018 results. The company reported adjusted earnings of 61 cents per share which outpaced the Zacks Consensus Estimate by a penny and improved 3% year over year.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2018 has been stable in the last 30 days. However, Coca-Cola’s performance over the trailing four quarters, excluding the quarter under review, remains encouraging with an average beat of 2.6%.
Revenues: Coca-Cola’s revenues fell 8% to $8.9 billion but came above the Zacks Consensus Estimate of $8.5 billion. Further, organic revenues increased 5% in the quarter.
Outlook: The company anticipates organic revenue growth of at least 4% in 2018. Further, adjusted earnings per share from continuing operations are expected to improve 8-10% compared with $1.91 in the previous year.
Zacks Rank: Currently, Coca-Cola carries a Zacks Rank #4 (Sell), which is subject to change following the earnings announcement.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this KO earnings report later!
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The Coca-Cola Company (KO - Free Report) , the global producer and marketer of beverages, came out with second-quarter 2018 results. The company reported adjusted earnings of 61 cents per share which outpaced the Zacks Consensus Estimate by a penny and improved 3% year over year.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2018 has been stable in the last 30 days. However, Coca-Cola’s performance over the trailing four quarters, excluding the quarter under review, remains encouraging with an average beat of 2.6%.
Revenues: Coca-Cola’s revenues fell 8% to $8.9 billion but came above the Zacks Consensus Estimate of $8.5 billion. Further, organic revenues increased 5% in the quarter.
Outlook: The company anticipates organic revenue growth of at least 4% in 2018. Further, adjusted earnings per share from continuing operations are expected to improve 8-10% compared with $1.91 in the previous year.
Zacks Rank: Currently, Coca-Cola carries a Zacks Rank #4 (Sell), which is subject to change following the earnings announcement.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this KO earnings report later!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
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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