Coca-Cola Likely To Report Higher Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Coca-Cola (NYSE:KO) is anticipated to report higher Q4 earnings on Feb. 13, 2024, with expected earnings of 49 cents per share, up from 45 cents a year ago, and projected revenue of $10.68 billion, up from $10.2 billion. The company is also entering India's ready-to-drink tea market with 'Honest Tea'. Shares slightly fell by 0.1% to $59.55 recently. Analysts from Barclays, JP Morgan, Morgan Stanley, and B of A Securities have provided updated ratings and price targets for Coca-Cola.
February 13, 2024 | 9:32 am
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Coca-Cola is expected to report increased Q4 earnings and revenue, and is expanding into India's tea market. Analysts have updated their ratings and price targets.
The anticipation of higher Q4 earnings and revenue, combined with strategic market expansion into India's tea sector, presents a positive outlook for Coca-Cola. Analysts' updated ratings and price targets further support this optimism, suggesting potential short-term upward movement in KO's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100