S&P 500 (NYSE:SPY) component The Coca-Cola Company (NYSE:KO) will unveil its latest earnings on Tuesday, July 19, 2011. The Coca-Cola Company is a leading manufacturer of nonalcoholic beverage concentrates and syrups. Biggest Secret in Business History Revealed: Coca-Cola Home Brew?>>
The Coca-Cola Company Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.16 per share, a rise of 9.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.18. Between one and three months ago, the average estimate moved down, but it has been unchanged at $1.16 during the last month. For the year, analysts are projecting profit of $3.86 per share, a rise of 10.6% from last year.
Past Earnings Performance: The company fell short of estimates last quarter after being in line with forecasts the quarter prior. In the first quarter, it reported net income of 86 cents per share versus a mean estimate of 87 cents. Two quarters ago, it reported profit of 72 cents per share.
Wall St. Revenue Expectations: On average, analysts predict $12.39 billion in revenue this quarter, a rise of 42.9% from the year ago quarter. Analysts are forecasting total revenue of $46.09 billion for the year, a rise of 31.2% from last year’s revenue of $35.12 billion.
Analyst Ratings: Analysts are bullish on this stock with 15 analysts rating it as a buy, none rating it as a sell and one rating it as a hold.
The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 17.7% while it rose more than threefold in the fourth quarter of the last fiscal year and 8.4% in the third quarter of the last fiscal year.
Revenue has risen the past four quarters. Revenue increased 39.8% to $10.52 billion in first quarter. The figure rose 39.7% in the fourth quarter of the last fiscal year from the year earlier, climbed 4.7% in the third quarter of the last fiscal year from the year-ago quarter and 4.9% in the second quarter of the last fiscal year.
Competitors to Watch: PepsiCo, Inc. (NYSE:PEP), Dr Pepper Snapple Group Inc. (NYSE:DPS), Hansen Natural Corporation (NASDAQ:HANS), Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF), Coca-Cola Enterprises Inc. (NYSE:CCE), Heckmann Corporation (NYSE:HEK), National Beverage Corp. (NASDAQ:FIZZ), Jones Soda Co. (NASDAQ:JSDA), Celsius Holdings, Inc. (NASDAQ:CELH), and Cott Corporation (NYSE:COT).
Stock Price Performance: During June 14, 2011 to July 13, 2011, the stock price had risen $2.45 (3.7%) from $65.61 to $68.06. The stock price saw one of its best stretches over the last year between March 8, 2011, and March 16, 2011, when shares rose for seven-straight days, rising 5.8% (+$3.54) over that span. Shares have been on a negative streak of late, closing down every day between July 12, 2011 and July 13, 2011. Shares are up $3.23 (+5%) year to date.
(Source: Xignite Financials)
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