|Day's Range||44.83 - 45.04|
|52 Week Range||39.88 - 46.06|
|PE Ratio (TTM)||31.56|
|Dividend & Yield||1.48 (3.29%)|
|1y Target Est||N/A|
In the heat of the summer you might expect consumers to reach into the cooler and grab a soda, but it’s sparkling water that’s emptying shelves across the US these days.
The Coca-Cola Company is scheduled to announce its second quarter results on July 26, and even though the core performance may remain solid, both the top line and EPS are expected to take a hit due to the refranchising of bottling operations across geographies.
Coca-Cola (KO) has gained 8.4% this year, not quite up to the S&P 500's 10.4% rise, but with the beverage giant set to report earnings on Wednesday, Coca-Cola has the chance to close the gap--or widen it either forward. Cowen's Vivien Azer and team expect Coca-Cola to report a profit of 59 cents a share, two cents ahead of Street forecasts, but acknowledge that they may be too optimistic.