Coca-Cola (KO) Beats on Earnings & Sales in Q2 - Tale of the Tape
The Coca-Cola Company (KO) has a formidable portfolio of globally recognized brands, both carbonated like Coke and Fanta as well as non-carbonated like Minute Maid and Powerade.
Coca-Cola commands a strong market position due to its global reach, strong brand power, expanding international presence, a solid global bottling network and an impressive cash position. Coca-Cola expects 2015 to be a “transition year” — a time to start implementing changes to create a new operating model. It has undertaken aggressive cost-cutting and several initiatives to drive faster growth in 2015.
Investors should note the recent earnings estimate revisions for KO have been mixed. However, KO does have a superb history in earnings season. KO has delivered positive earnings surprise for four straight, making for an average positive earnings surprise of 4.98%.
Currently, KO has a Zacks Rank #3 (Hold), but that could definitely change following Coca-Cola’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: KO beat on earnings. Our consensus earnings estimate called for EPS of 60 cents/share, and the company reported EPS of 63 cents instead. Investors should note that these figures take out stock option expenses.
Revenues: KO reported revenues of $12.16 billion. This beat our consensus estimate of $12.15 billion.
Key Stats to Note: The cola giant witnessed 2% volume growth, better than 1% in the previous quarter.
Stock Price: Shares jumped around 2% in pre-market trading.
Check back later for our full write up on this KO earnings report later!
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COCA COLA CO (KO): Free Stock Analysis Report
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