Shares of Coca-Cola (KO - Free Report) have outpaced the broader beverage market over the past three years, including a 20% jump over the last 12 months. Now the question is what’s next for KO stock with the company set to report its fourth quarter fiscal 2019 financial results before the opening bell on Thursday, January 30?
Coca-Cola remains one of the most iconic brands in the world alongside the likes of Apple (AAPL - Free Report) , Nike (NKE - Free Report) , McDonald's (MCD - Free Report) , and others. Despite its continued global superstardom, the company has expanded its non-sugary drink portfolio in recent years in order to adapt to changing consumer habits.
The Atlanta-based company’s portfolio now includes UK-based Costa Coffee, along with an investment in Gatorade (PEP - Free Report) challenger BodyArmor. Meanwhile, the firm has also rolled out tea and other drinks, and its Coke Zero Sugar and Coca-Cola Energy brands could prove to be hits for years.
Looking ahead, Coca-Cola executives expect to post “at least 5%” growth in organic revenues in 2019, along with “at least 12% growth in comparable currency neutral net revenues (non-GAAP), including a 7% tailwind from acquisitions, divestitures and structural items.”
Our Zacks estimates call for its Q4 sales to surge 25.5%, which will be driven by acquisitions and divestitures. Meanwhile, KO’s adjusted Q4 earnings are projected to come in flat from the year-ago at $0.43 a share.
Coca-Cola is a Zacks Rank #2 (Buy) right now and its shares closed right near their 52-week highs Tuesday. With that said, KO’s valuation has grown stretched, which means a small post-earnings pullback might be in order.
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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 >>
Shares of Coca-Cola (KO - Free Report) have outpaced the broader beverage market over the past three years, including a 20% jump over the last 12 months. Now the question is what’s next for KO stock with the company set to report its fourth quarter fiscal 2019 financial results before the opening bell on Thursday, January 30?
Coca-Cola remains one of the most iconic brands in the world alongside the likes of Apple (AAPL - Free Report) , Nike (NKE - Free Report) , McDonald's (MCD - Free Report) , and others. Despite its continued global superstardom, the company has expanded its non-sugary drink portfolio in recent years in order to adapt to changing consumer habits.
The Atlanta-based company’s portfolio now includes UK-based Costa Coffee, along with an investment in Gatorade (PEP - Free Report) challenger BodyArmor. Meanwhile, the firm has also rolled out tea and other drinks, and its Coke Zero Sugar and Coca-Cola Energy brands could prove to be hits for years.
Looking ahead, Coca-Cola executives expect to post “at least 5%” growth in organic revenues in 2019, along with “at least 12% growth in comparable currency neutral net revenues (non-GAAP), including a 7% tailwind from acquisitions, divestitures and structural items.”
Our Zacks estimates call for its Q4 sales to surge 25.5%, which will be driven by acquisitions and divestitures. Meanwhile, KO’s adjusted Q4 earnings are projected to come in flat from the year-ago at $0.43 a share.
Coca-Cola is a Zacks Rank #2 (Buy) right now and its shares closed right near their 52-week highs Tuesday. With that said, KO’s valuation has grown stretched, which means a small post-earnings pullback might be in order.
Just Released: Zacks’ 7 Best Stocks for TodayExperts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.6% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>
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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