The Coca-Cola Company First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component The Coca-Cola Company (NYSE:KO) will unveil its latest earnings on Tuesday, April 17, 2012. Coca-Cola is a leading manufacturer of nonalcoholic beverage concentrates and syrups.

The Coca-Cola Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 88 cents per share, a rise of 2.3% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 92 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 88 cents during the last month. Analysts are projecting profit to rise by 6% compared to last year’s $4.07.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of 79 cents per share versus a mean estimate of net income of 77 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $10.82 billion in revenue this quarter, a rise of 2.7% from the year-ago quarter. Analysts are forecasting total revenue of $48.13 billion for the year, a rise of 3.4% from last year’s revenue of $46.55 billion.

Analyst Ratings: Analysts are high on the stock, with 12 analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 71.3% to $1.65 billion (72 cents a share) from $5.77 billion ($2.47 a share) the year earlier, but exceeded analyst expectations. Revenue rose 5.2% to $11.04 billion from $10.49 billion.

Key Stats:

After last quarter’s profit drop broke a string of income increases, this earnings announcement is definitely a chance for a rebound. Net income rose 17.7% in the first quarter of the last fiscal year, 18.1% in the second quarter of the last fiscal year and 8.1% in the third quarter of the last fiscal year before declining in the fourth quarter of the last fiscal year.

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 39.8% in the first quarter of the last fiscal year, 46.8% in the second quarter of the last fiscal year and 45.4% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between January 13, 2012 and April 11, 2012, the stock price rose $5.62 (8.5%), from $66.50 to $72.12. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011, when shares rose for nine straight days, increasing 5.9% (+$3.74) over that span. It saw one of its worst periods between May 19, 2011 and May 27, 2011 when shares fell for seven straight days, dropping 2.8% (-$1.89) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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