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 in the last 30 days. Moreover, 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 1.51%.
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.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: KO missed on earnings. Our consensus earnings estimate called for EPS of 57 cents/share, and the company reported EPS of 59 cents instead.
Revenues: KO reported revenues of $9.70 billion, marginally missing our consensus estimate of $9.71 billion.
Stock Price: Shares were up 1.53% 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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