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Seeking Clues to Coca-Cola (KO) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics
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Analysts on Wall Street project that Coca-Cola (KO - Free Report) will announce quarterly earnings of $0.87 per share in its forthcoming report, representing an increase of 6.1% year over year. Revenues are projected to reach $12.93 billion, increasing 4.1% from the same quarter last year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Coca-Cola metrics that Wall Street analysts commonly model and monitor.
The consensus estimate for 'Net Operating Revenues- North America' stands at $5.47 billion. The estimate points to a change of +4.1% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Net Operating Revenues- Latin America' of $1.73 billion. The estimate indicates a year-over-year change of +9.7%.
Based on the collective assessment of analysts, 'Net Operating Revenues- Asia Pacific' should arrive at $1.46 billion. The estimate indicates a change of -3.1% from the prior-year quarter.
Analysts forecast 'Net Operating Revenues- Bottling investments' to reach $1.40 billion. The estimate indicates a year-over-year change of +3.7%.
The average prediction of analysts places 'Net Operating Revenues- Europe, Middle East & Africa' at $3.08 billion. The estimate points to a change of +2.8% from the year-ago quarter.
The consensus among analysts is that 'Net Operating Revenues- Corporate' will reach $34.43 million. The estimate suggests a change of +1.3% year over year.
The combined assessment of analysts suggests that 'Operating Income- Europe, Middle East & Africa- Non-GAAP' will likely reach $1.14 billion. The estimate is in contrast to the year-ago figure of $1.08 billion.
Analysts' assessment points toward 'Operating Income- Bottling Investments- Non-GAAP' reaching $72.61 million. The estimate compares to the year-ago value of $58.00 million.
Analysts expect 'Operating income- North America- Non-GAAP' to come in at $1.70 billion. Compared to the present estimate, the company reported $1.64 billion in the same quarter last year.
According to the collective judgment of analysts, 'Operating Income- Asia Pacific- Non-GAAP' should come in at $504.76 million. The estimate is in contrast to the year-ago figure of $504.00 million.
It is projected by analysts that the 'Operating Income- Latin America- Non-GAAP' will reach $1.02 billion. Compared to the present estimate, the company reported $887.00 million in the same quarter last year.
Coca-Cola shares have witnessed a change of +5.2% in the past month, in contrast to the Zacks S&P 500 composite's no move. With a Zacks Rank #2 (Buy), KO is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Seeking Clues to Coca-Cola (KO) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics
Analysts on Wall Street project that Coca-Cola (KO - Free Report) will announce quarterly earnings of $0.87 per share in its forthcoming report, representing an increase of 6.1% year over year. Revenues are projected to reach $12.93 billion, increasing 4.1% from the same quarter last year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Coca-Cola metrics that Wall Street analysts commonly model and monitor.
The consensus estimate for 'Net Operating Revenues- North America' stands at $5.47 billion. The estimate points to a change of +4.1% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Net Operating Revenues- Latin America' of $1.73 billion. The estimate indicates a year-over-year change of +9.7%.
Based on the collective assessment of analysts, 'Net Operating Revenues- Asia Pacific' should arrive at $1.46 billion. The estimate indicates a change of -3.1% from the prior-year quarter.
Analysts forecast 'Net Operating Revenues- Bottling investments' to reach $1.40 billion. The estimate indicates a year-over-year change of +3.7%.
The average prediction of analysts places 'Net Operating Revenues- Europe, Middle East & Africa' at $3.08 billion. The estimate points to a change of +2.8% from the year-ago quarter.
The consensus among analysts is that 'Net Operating Revenues- Corporate' will reach $34.43 million. The estimate suggests a change of +1.3% year over year.
The combined assessment of analysts suggests that 'Operating Income- Europe, Middle East & Africa- Non-GAAP' will likely reach $1.14 billion. The estimate is in contrast to the year-ago figure of $1.08 billion.
Analysts' assessment points toward 'Operating Income- Bottling Investments- Non-GAAP' reaching $72.61 million. The estimate compares to the year-ago value of $58.00 million.
Analysts expect 'Operating income- North America- Non-GAAP' to come in at $1.70 billion. Compared to the present estimate, the company reported $1.64 billion in the same quarter last year.
According to the collective judgment of analysts, 'Operating Income- Asia Pacific- Non-GAAP' should come in at $504.76 million. The estimate is in contrast to the year-ago figure of $504.00 million.
It is projected by analysts that the 'Operating Income- Latin America- Non-GAAP' will reach $1.02 billion. Compared to the present estimate, the company reported $887.00 million in the same quarter last year.
View all Key Company Metrics for Coca-Cola here>>>Coca-Cola shares have witnessed a change of +5.2% in the past month, in contrast to the Zacks S&P 500 composite's no move. With a Zacks Rank #2 (Buy), KO is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .