|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||43.58 - 44.41|
|52 Week Range||42.19 - 48.62|
|PE Ratio (TTM)||149.79|
|Forward Dividend & Yield||1.56 (3.50%)|
|1y Target Est||N/A|
Can Coca-Cola’s 1Q18 Results Help Its Stock Recover? Coca-Cola (KO) is rated a “hold” by 14 of the 27 analysts covering the stock as of April 18, 2018. Coca-Cola is a leading nonalcoholic beverage maker with an impressive product portfolio comprised of more than 500 brands in still and sparkling beverage categories.
Rising interest rates and inflation worries could hang over the stock market in the coming week, as investors look to a big flood of earnings news to lift some of their anxiety.
Coca-Cola (KO) exceeded analysts’ earnings forecasts in three of the four quarters in 2017. For 1Q18, analysts expect the company’s adjusted EPS (earnings per share) to rise 7% on a YoY (year-over-year) basis to $0.46. The expected growth rate in adjusted EPS for 1Q18 compares with a 4.4% decline in its 1Q17 adjusted EPS. The company’s productivity efforts are likely to favor its bottom-line growth in 1Q18.
Can Coca-Cola’s 1Q18 Results Help Its Stock Recover? Coca-Cola (KO) has exceeded analysts’ revenue expectations for six consecutive quarters. Coca-Cola’s revenue declined 15.4% to $35.4 billion in 2017 compared to a 5.5% fall in 2016.
Softness in revenues due to weak soda volumes and structural changes might affect Coca-Cola's (KO) Q1 results. However, focus on reducing costs might boost margins.
Beverage giant Coca-Cola (KO) is expected to announce its 1Q18 results on April 24, 2018. KO stock has fallen 3% on a YTD (year-to-date) basis as of April 18, 2018. The stocks for rivals PepsiCo (PEP) and Monster Beverage (MNST) have fallen 10.8% and 9.2%, respectively, since the start of 2018. In contrast, Dr Pepper Snapple (DPS) stock has risen 23.6% on a YTD basis, mainly benefiting from news of its proposed acquisition by Keurig.
The partnership meshes with a car-commerce company's launch in Atlanta that will add SmartWater to some Uber and Lyft rides.
As the broader consumer staples industry grapples through hard times, one team of analysts on the Street sees bright spot in the beverage sector, which has seen its multiples hold up better than most. In a note to clients late Monday, the analyst warned on potential downside in the space as a part of an overall weak consumer staples industry, indicating that valuations could slide another 8% to 12% if 10-year Treasuries see yields rise between 3.25% and 3.5%. That said, Hong upgraded Coca Cola European Partners PLC ( CCE) to buy from neutral, expecting shares to gain on the company's deleveraging and capital allocation story.
Passengers using Uber or Lyft are now able to buy drinks, snacks and even phone chargers while they are on their way from A to B, with tech company Cargo announcing a deal with Coca-Cola to sell its Smartwater in cars
In conjunction with a beverage industry update, Goldman Sachs recommended another pair trade in the space this week in addition to its downgrade of PepsiCo, Inc. (NASDAQ: PEP ) and simultaneous upgrade ...
The “Fast Money Halftime Report” traders discuss Goldman Sach's 'sell' rating on Pepsi stock which is trading lower today for the call of the day.