Beverage giant Coca-Cola (NYSE:KO) is set to report third-quarter financial results before the market opens Wednesday, Oct. 23.
Could the company's earnings highlight easing inflation and growth in international markets?
Earnings Estimates: Analysts expect Coca-Cola to report third-quarter revenue of $11.60 billion, compared to revenue of $11.95 billion in last year's third quarter, according to data from Benzinga Pro.
The company has beaten analyst revenue estimates in more than 10 straight quarters.
Analysts expect the company to report third-quarter earnings per share of 74 cents per share, in line with last year's third-quarter total of 74 cents. The company has beaten analyst estimates for earnings per share in eight of the past 10 quarters, meeting expectations in the other two quarters. Earnings beat analyst estimates in the past two straight quarters.
Read Also: Coca Cola's Efforts To Entice Gen Z Fall Flat: Spiced Discontinued After Just 6 Months
Key Items to Watch: Coca-Cola's earnings report comes weeks after beverage rival PepsiCo Inc (NASDAQ:PEP) reported third-quarter results with an earnings per share beat and revenue miss.
Pepsi is more diversified outside of beverages in snacks and food, which could make Coca-Cola's report interesting for the beverage sector after Pepsi lowered full-year revenue guidance.
Coca-Cola raised earnings per share guidance and revenue guidance after second-quarter results. Keeping guidance intact or raising it again could have Coca-Cola more preferentially viewed to its beverage rival.
Coca-Cola stock is up 16% year-to-date in 2024, outperforming Pepsi, which is up less than 1% in 2024, but both stocks lag the overall S&P 500, which is up over 23% on the year.
Inflation concerns and weight-loss drugs leading to cutbacks on carbonated beverages are among the headwinds Coca-Cola and Pepsi faced. With inflation easing according to reports, commentary from the beverage company on consumer demand and trends could be key for how the stock reacts Wednesday after the report.
One of the keys to Coca-Cola's earnings strength in the second quarter was the Europe, Middle East and Africa region, which had organic revenue up 30%, compared to a 10% increase in North America. Analysts and investors will be looking to see continued strength from Coca-Cola in international markets.
Other items to watch in the report include the impact from a sponsorship of the 2024 Summer Olympics and how new partnerships like one with Oreo are helping sales momentum.
KO Price Action: Coca-Cola stock is up 0.14% to $69.55 on Tuesday versus a 52-week trading range of $54.04 to $73.53.
- How To Earn $500 A Month From Coca-Cola Stock Ahead Of Q3 Earnings
Photo: Shutterstock
飲料巨頭可口可樂（紐約證券交易所代碼：KO）將在10月23日星期三市場開盤前公佈第三季度財務業績。
該公司的收益能否凸顯通貨膨脹的緩解和國際市場的增長？
收益估計：根據Benzinga Pro的數據，分析師預計可口可樂公佈的第三季度收入爲116.0億美元，而去年第三季度的收入爲119.5億美元。
該公司連續10多個季度的收入超過了分析師的預期。
分析師預計，該公司第三季度每股收益爲74美分，與去年第三季度的每股收益74美分持平。在過去的10個季度中，該公司的每股收益超過了分析師的預期，在其他兩個季度中達到了預期。在過去連續兩個季度中，收益超過了分析師的預期。
另請閱讀：可口可樂吸引Z世代的努力失敗了：Spiced在短短6個月後就停產了
值得關注的關鍵事項：可口可樂的業績是在飲料競爭對手百事可樂公司（納斯達克股票代碼：PEP）公佈第三季度業績幾周後發佈的，每股收益超過預期，收入不足。
除了零食和食品飲料外，百事可樂的多元化程度更高，在百事可樂下調全年收入預期之後，這可能會使飲料行業對可口可樂的報告產生興趣。
可口可樂在第二季度業績公佈後提高了每股收益指引和收入指導。保持指導不變或再次提高指導方針可能會使可口可樂更傾向於其飲料競爭對手。
可口可樂股票在2024年迄今上漲了16％，超過了百事可樂，後者在2024年上漲了不到1％，但這兩隻股票都落後於標準普爾500指數的整體水平，後者同比上漲了23％以上。
通貨膨脹擔憂和導致碳酸飲料削減的減肥藥物是可口可樂和百事可樂面臨的不利因素之一。據報道，隨着通貨膨脹的緩解，這家飲料公司對消費者需求和趨勢的評論可能是該股週三在報告發布後如何反應的關鍵。
可口可樂第二季度盈利強勁的關鍵之一是歐洲、中東和非洲地區，該地區的有機收入增長了30％，而北美的增長了10％。分析師和投資者將期待可口可樂在國際市場上繼續保持強勁勢頭。
報告中值得關注的其他項目包括贊助2024年夏季奧運會的影響，以及與奧利奧等新合作伙伴關係如何促進銷售勢頭。
KO價格走勢：週二，可口可樂股價上漲0.14％，至69.55美元，而52周的交易區間爲54.04美元，至73.53美元。
- 如何在第三季度業績之前從可口可樂股票中每月賺取500美元
照片：Shutterstock
