Coca-Cola (KO) will be reporting its third-quarter financial results ahead of the opening bell Friday.
Rival PepsiCo’s (PEP) positive report earlier this month has given investors and analysts hope that Coca-Cola will also deliver strong results. Organic revenue growth will be in focus, as the company has reported growth between 5% to 6% for each of the past four quarters. Analysts polled by Bloomberg expect organic revenue growth of 4.1% during the third quarter. Coca-Cola expects 5% organic revenue growth for the full year.
Coca-Cola’s updates for free cash flow and the Coke Energy launch will also be focal points. The soda giant is expected to report adjusted earnings of 57 cents per share on $9.43 billion in revenue during the third quarter. Coke’s third quarter report follows strong second quarter results. In July, the beverage company reported an earnings beat and better-than-expected revenue guidance, which sent the stock soaring.
Shares of Coca-Cola rose 16% this year, while the broader market (^GSPC) jumped 21% in the same time period. The options market is implying about a 3% move in either direction following the results.
Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung.
More from Heidi: