The Coca-Cola Company (NYSE:KO) is in the spotlight Monday ahead of its fourth-quarter earnings report Tuesday before the market opens.
Earnings Expectations, Recent Performance And What To Watch
Coca-Cola is expected to report earnings per share of 56 cents on revenue of $12.03 billion. The company has beaten earnings per share estimates in each of the last four quarters and topped revenue estimates in two of the last four quarters.
In its most recent quarter, Coca-Cola posted earnings per share of 82 cents, beating the consensus estimate of 78 cents, while revenue came in at $12.46 billion, above the $12.39 billion estimate.
Investors should keep an eye on same-store sales growth, particularly in light of Costco’s recent switch back to Coca-Cola products, which could signal a resurgence in brand strength. Additionally, watch for any commentary on pricing power and margin trends, as these factors will be critical in determining the company’s ability to maintain profitability in a competitive market.
Consensus Ratings And Price Target Update
Coca-Cola has an average rating of Buy and a consensus price target of $77.95. Ahead of the upcoming earnings report, Wells Fargo analyst Chris Carey on Monday maintained an Overweight rating on Coca-Cola and raised the price target from $79 to $87, signaling confidence in the quarter.
Coca-Cola Shares Dip
KO Price Action: At the time of writing, Coca-Cola shares are trading 0.65% lower at $78.52, according to data from Benzinga Pro.
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