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