Coca-Cola tops earnings estimates, hikes full-year outlook as global demand rises (2024)

FAQs

What is Coca-Cola tops earnings estimate? ›

Coca-Cola (KO) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.80 per share.

KO Earnings Forecast

Next quarter's earnings estimate for KO is $0.75 with a range of $0.73 to $0.77. The previous quarter's EPS was $0.84. KO beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 63.95% of the time in the same period.

Answer and Explanation:

So, in this case, if the prices of the Pepsi-Cola increase, consumers will shift to Coca-Cola, so its demand will increase.

Coca-Cola is forecast to grow earnings and revenue by 8.3% and 3.9% per annum respectively. EPS is expected to grow by 8.8% per annum.

The bottler said for the full year 2024, organic revenue growth is expected to be between 8% and 12%, higher than the previous mid-term target range of 6%-7% while organic EBIT growth is expected to lie within the range of 7% to 12%, up from the previous estimates of 3% to 9%.

According to Coca-Cola's latest financial reports the company's current revenue (TTM ) is $46.46 B. In 2023 the company made a revenue of $45.75 B an increase over the revenue in the year 2022 that were of $43.00 B. The revenue is the total amount of income that a company generates by the sale of goods or services.

On average, Wall Street analysts predict that Coca Cola's share price could fall to $71.21 by Aug 27, 2025. The average Coca Cola stock price prediction forecasts a potential downside of 0.27% from the current KO share price of $71.41.

The Coca-Cola Company Stock Forecast

The 16 analysts with 12-month price forecasts for KO stock have an average target of 70.81, with a low estimate of 64 and a high estimate of 78. The average target predicts a decrease of -0.84% from the current stock price of 71.41.

Coca-Cola expects fiscal 2024 organic sales to grow 8% to 9%, compared with its prior forecast of a 6% to 7% rise. First-quarter net revenue rose 2.5% to $11.23 billion, beating LSEG estimates of $11.01 billion.

There were multiple reasons behind Coca-Cola's decline. 1. Shift in Consumer Preferences: As people's awareness of their health increased, there was a noticeable move away from sugary carbonated drinks like Coca-Cola and towards healthier options including flavored teas, bottled water, and natural juices.

Why are the prices of Coca-Cola increasing? ›

The Atlanta-based company said increased pricing contributed to the rise in sales, attesting that the increases were “driven by the impact of inflationary pricing” as well as “pricing actions in the marketplace,” according to its earnings report.

Demand for a product becomes price inelastic if the competitor matches the price cut. e.g., demand for Coca Cola is price elastic because Pepsi is a good substitute. If the price of can of co*ke goes up, consumers often switch to the product whose price has not changed.

Our long-term targets consist of solid organic revenue growth of 4% to 6%, strong operating leverage driving 6% to 8% operating income growth, delivering meaningful EPS growth and free cash flow conversion.

The beverage giant sees another strong year ahead. Coca-Cola (KO -1.01%) has a brand-new outlook, and investors should be pleased. The beverage titan recently closed out its fiscal 2023 year and told its shareholders what they can expect for 2024.

The Mission 2025 sustainability commitment is to source 100% of key agricultural ingredients in line with sustainable agricultural principles. Key ingredients from procurement partners include sugar and HFCS and juices fruit crops, and the 100% target is certified by third party standards.

For 2024, co*ke now expects organic revenue growth of 9% to 10%, up from its prior forecast of 8% to 9%. The company also raised its outlook for comparable earnings growth to a range of 5% to 6% from a previous range of 4% to 5%.

The average one-year price target for Top Ships Inc. is $29.58. The forecasts range from a low of $29.29 to a high of $30.45. A stock's price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings.

The soda giant in the latest quarter took a non-cash impairment charge of $760 million related to BodyArmor—a year after co*ke Chief Executive James Quincey said the company was embarking on a turnaround plan for the brand.

P/E ratio as of September 2024 (TTM): 28.7

According to Coca-Cola's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 28.7349. At the end of 2022 the company had a P/E ratio of 28.9.