The Coca-Cola Company (NYSE:KO) Expected to Announce Quarterly Sales of $8.68


Brokerages expect that The Coca-Cola Company (NYSE:KO) will post $8.68 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for The Coca-Cola’s earnings. The highest sales estimate is $9.07 billion and the lowest is $8.40 billion. The Coca-Cola posted sales of $9.07 billion during the same quarter last year, which suggests a negative year over year growth rate of 4.3%. The company is expected to issue its next earnings results on Thursday, February 4th.

According to Zacks, analysts expect that The Coca-Cola will report full-year sales of $33.06 billion for the current fiscal year, with estimates ranging from $32.80 billion to $33.46 billion. For the next year, analysts anticipate that the firm will report sales of $36.43 billion, with estimates ranging from $35.62 billion to $36.83 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover The Coca-Cola.

The Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.09. The Coca-Cola had a net margin of 26.77% and a return on equity of 41.44%. The firm had revenue of $8.65 billion for the quarter, compared to analyst estimates of $8.37 billion. During the same quarter in the previous year, the firm posted $0.56 earnings per share. The business’s revenue was down 9.0% on a year-over-year basis.

KO has been the topic of a number of research reports. Bank of America reissued a “buy” rating and issued a $53.00 price objective on shares of The Coca-Cola in a research report on Friday, July 17th. Morgan Stanley boosted their price objective on shares of The Coca-Cola from $54.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Zacks Investment Research lowered shares of The Coca-Cola from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a research report on Tuesday, September 22nd. Finally, UBS Group boosted their price objective on shares of The Coca-Cola from $54.00 to $57.00 and gave the stock a “buy” rating in a research report on Friday, October 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $53.28.

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