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. 2015 has been a “transition year” for Coca-Cola when it has implemented 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 mostly downwards. 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 5.83%.
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 50 cents/share, and the company reported EPS of 51 cents instead. Investors should note that these figures take out stock option expenses.
Revenues: KO reported revenues of $11.43 billion. This slightly missed our consensus estimate of $11.61 billion.
Key Stats to Note: The cola giant witnessed 3% volume growth, better than 2% in the previous quarter.
Stock Price: Shares declined 2% in pre-market trading.
Check back later for our full write up on this KO earnings report later!
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