The Coca-Cola CompanyKO , the global producer and marketer of beverages, came out with second-quarter 2018 results. The company reported adjusted earnings of 61 cents per share which outpaced the Zacks Consensus Estimate by a penny and improved 3% year over year.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2018 has been stable in the last 30 days. However, Coca-Cola's performance over the trailing four quarters, excluding the quarter under review, remains encouraging with an average beat of 2.6%.
Coca-Cola Company (The) Price, Consensus and EPS Surprise
Coca-Cola Company (The) Price, Consensus and EPS Surprise | Coca-Cola Company (The) Quote
Revenues: Coca-Cola's revenues fell 8% to $8.9 billion but came above the Zacks Consensus Estimate of $8.5 billion. Further, organic revenues increased 5% in the quarter.
Outlook: The company anticipates organic revenue growth of at least 4% in 2018. Further, adjusted earnings per share from continuing operations are expected to improve 8-10% compared with $1.91 in the previous year.
Zacks Rank: Currently, Coca-Cola carries a Zacks Rank #4 (Sell), which is subject to change following the earnings announcement.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Check back later for our full write up on this KO earnings report later!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Coca-Cola Company (The) (KO): Free Stock Analysis Report
To read this article on Zacks.com click here.
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.
