The Coca-Cola Company Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component The Coca-Cola Company (NYSE:KO) will unveil its latest earnings on Tuesday, October 18, 2011. 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 estimate of analysts is for net income of $1.02 per share, a rise of 10.9% 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 $1.03. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. Analysts are projecting profit to rise by 9.7% versus last year to $3.83.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the second quarter, it reported profit of $1.17 per share against a mean estimate of net income of $1.16 per share. In the first quarter, it missed forecasts by one cent.

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Wall St. Revenue Expectations: On average, analysts predict $12.04 billion in revenue this quarter, a rise of 42.8% from the year ago quarter. Analysts are forecasting total revenue of $46.38 billion for the year, a rise of 32.1% from last year’s revenue of $35.12 billion.

Analyst Ratings: Analysts are bullish on this stock with 11 analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

A Look Back: In the second quarter, profit rose 18.1% to $2.8 billion ($1.20 a share) from $2.37 billion ($1.02 a share) the year earlier, exceeding analyst expectations. Revenue rose 46.8% to $12.74 billion from $8.67 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 17.7% in the first quarter and more than threefold in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 39.8% in the first quarter from the year earlier, climbed 39.7% in the fourth quarter of the last fiscal year from the year-ago quarter and 4.7% in the third 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. (NYSE:USA) (NASDAQ:JSDA), Celsius Holdings, Inc. (NASDAQ:CELH), and Cott Corporation (NYSE:COT).

Stock Price Performance: During September 14, 2011 to October 12, 2011, the stock price had dropped $2.29 (-3.3%) from $69.77 to $67.48. 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, rising 5.9% (+$3.79) 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, falling 2.9% (-$1.93) over that span. Shares are up $3.09 (+4.8%) year to date.

(Source: Xignite Financials)

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