The Coca-Cola Earnings: Here’s Why the Stock is Up Now

The Coca-Cola Company (NYSE:KO) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 3.59%.

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The Coca-Cola Company Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 4.55% to $0.46 in the quarter versus EPS of $0.44 in the year-earlier quarter.

Revenue: Decreased 0.92% to $11.04 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: The Coca-Cola Company reported adjusted EPS income of $0.46 per share. By that measure, the company beat the mean analyst estimate of $0.45. It beat the average revenue estimate of $11.02 billion.

Quoting Management: “Together, we are working to unlock value, to execute with excellence and to keep winning volume and value share. We proudly serve more than 500 brands through 23 million retail customer outlets each week, providing consumers a wide array of choices in package sizes, sweeteners and beverages — including more than 800 low- and no-calorie options. Our focus each and every day is to refresh the world, inspire moments of optimism and happiness, create value and make a meaningful difference. I am proud of all we are achieving alongside our customers, bottlers and other partners. Even so, we remain constructively discontent as we seek to make the most of the vast growth opportunities we continue to see around the world.”

Key Stats (on next page)…

Revenue decreased 3.67% from $11.46 billion in the previous quarter. EPS increased 2.22% from $0.45 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.65 and has not changed. For the current year, the average estimate has moved down from a profit of $2.17 to a profit of $2.14 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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