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The Coca-Cola Company (KO - Free Report) commands a strong market position due to its global reach, strong brand power, expanding international presence, a solid global bottling network and an impressive cash position.
2015 was a “transition year” for Coca-Cola because of the changes implemented to create a new operating model. The company made tangible progress on the plan. The company implemented aggressive cost-cutting measures and several initiatives to drive growth during the year. The resultant savings are being deployed to fund marketing programs and in innovations to re-accelerate top-line growth, margin expansion and returns on capital.
Coca-Cola is also refranchising the majority of its company-owned North American bottling territories to create a more efficient system. Over 65% of the U.S. territories have already been transferred or agreed to be refranchised so far.
Investors should note the recent earnings estimate revisions for KO have been mostly downwards in the last 30 days. However, KO has a superb history in earnings season. KO has delivered positive earnings surprise for four straight, making for an average positive earnings surprise of 2.61%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: KO beat on earnings. Our consensus earnings estimate called for EPS of 48 cents/share, and the company reported EPS of 49 cents instead. Investors should note that these figures take out stock option expenses.
Revenues: KO reported revenues of $10.63 billion, beating our consensus estimate of $10.55 billion.
Key Stats to Note: The cola giant witnessed 1% growth in volumes in the third quarter, higher than the previous quarter.
The company re-affirmed the previously issued full year 2016 profit outlook.
Stock Price: Shares inched up around 63% in pre-market trading at the time of writing.
Check back later for our full write up on this KO earnings report later!
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Coca-Cola (KO) Beats on Earnings & Revenues in Q3
The Coca-Cola Company (KO - Free Report) commands a strong market position due to its global reach, strong brand power, expanding international presence, a solid global bottling network and an impressive cash position.
2015 was a “transition year” for Coca-Cola because of the changes implemented to create a new operating model. The company made tangible progress on the plan. The company implemented aggressive cost-cutting measures and several initiatives to drive growth during the year. The resultant savings are being deployed to fund marketing programs and in innovations to re-accelerate top-line growth, margin expansion and returns on capital.
Coca-Cola is also refranchising the majority of its company-owned North American bottling territories to create a more efficient system. Over 65% of the U.S. territories have already been transferred or agreed to be refranchised so far.
Investors should note the recent earnings estimate revisions for KO have been mostly downwards in the last 30 days. However, KO has a superb history in earnings season. KO has delivered positive earnings surprise for four straight, making for an average positive earnings surprise of 2.61%.
Currently, KO has a Zacks Rank #3 (Hold), 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.
COCA COLA CO Price and EPS Surprise
COCA COLA CO Price and EPS Surprise | COCA COLA CO Quote
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: KO beat on earnings. Our consensus earnings estimate called for EPS of 48 cents/share, and the company reported EPS of 49 cents instead. Investors should note that these figures take out stock option expenses.
Revenues: KO reported revenues of $10.63 billion, beating our consensus estimate of $10.55 billion.
Key Stats to Note: The cola giant witnessed 1% growth in volumes in the third quarter, higher than the previous quarter.
The company re-affirmed the previously issued full year 2016 profit outlook.
Stock Price: Shares inched up around 63% in pre-market trading at the time of writing.
Check back later for our full write up on this KO earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>