Will Coca-Cola Beat These Analyst Estimates?
Coca-Cola (NYS: KO) is expected to report Q2 earnings on July 16. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Coca-Cola's revenues will drop -0.3% and EPS will grow 3.3%.
The average estimate for revenue is $13.04 billion. On the bottom line, the average EPS estimate is $0.63.
Last quarter, Coca-Cola reported revenue of $11.04 billion. GAAP reported sales were 0.9% lower than the prior-year quarter's $11.14 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.46. GAAP EPS of $0.39 for Q1 were 13% lower than the prior-year quarter's $0.45 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 60.8%, 20 basis points worse than the prior-year quarter. Operating margin was 22.9%, 50 basis points worse than the prior-year quarter. Net margin was 15.9%, 250 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $48.35 billion. The average EPS estimate is $2.13.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 6,432 members out of 6,755 rating the stock outperform, and 323 members rating it underperform. Among 1,836 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,782 give Coca-Cola a green thumbs-up, and 54 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Coca-Cola is outperform, with an average price target of $41.80.
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The article Will Coca-Cola Beat These Analyst Estimates? originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends Coca-Cola. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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