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Coca-Cola (KO) Beats on Earnings; Misses Sales in Q3

The Coca-Cola CompanyKO has a formidable portfolio of globally recognized brands, both carbonated like Coke and Fanta as well as non-carbonated like Minute Maid and Powerade.

Coca-Cola commands a strong market position due to its global reach, strong brand power, expanding international presence, a solid global bottling network and an impressive cash position. 2015 has been a "transition year" for Coca-Cola when it has implemented changes to create a new operating model. It has undertaken aggressive cost-cutting and several initiatives to drive faster growth in 2015.

Investors should note the recent earnings estimate revisions for KO have been mostly downwards. However, KO does have a superb history in earnings season. KO has delivered positive earnings surprise for four straight, making for an average positive earnings surprise of 5.83%.

Currently, KO has a Zacks Rank #3 (Hold), but that could definitely change following Coca-Cola's earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: KO beat on earnings. Our consensus earnings estimate called for EPS of 50 cents/share, and the company reported EPS of 51 cents instead. Investors should note that these figures take out stock option expenses.

Revenues: KO reported revenues of $11.43 billion. This slightly missed our consensus estimate of $11.61 billion.

Key Stats to Note: The cola giant witnessed 3% volume growth, better than 2% in the previous quarter.

Stock Price: Shares declined 2% in pre-market trading .

Check back later for our full write up on this KO earnings report later!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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