Coca-Cola Q3 Earnings Preview: Can Beverage Giant Keep EPS, Revenue Beat Streaks Alive?
Portfolio Pulse from Chris Katje
Coca-Cola is set to report its Q3 earnings on Oct. 23, with analysts expecting revenue of $11.60 billion and EPS of 74 cents. The company has a strong track record of beating estimates. Key factors include international market growth and inflation trends. Coca-Cola's stock has outperformed Pepsi but lags the S&P 500.
October 22, 2024 | 5:19 pm
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NEUTRAL IMPACT
PepsiCo's recent earnings report showed an EPS beat but a revenue miss, with lowered full-year revenue guidance. This sets a competitive backdrop for Coca-Cola's upcoming earnings report.
PepsiCo's recent earnings results and guidance provide a competitive context for Coca-Cola's report. While not directly impacting PepsiCo's stock, Coca-Cola's performance could influence sector sentiment.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Coca-Cola is expected to report Q3 earnings with revenue of $11.60 billion and EPS of 74 cents. The company has a strong history of beating estimates, and key factors include international growth and inflation trends. The stock is up 16% YTD.
Coca-Cola has a strong track record of beating earnings estimates, which could positively impact the stock price. The focus on international growth and easing inflation are potential positive catalysts. The stock's YTD performance also suggests investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100