Wall Street anticipates Coca-Cola's earnings report.
- Coke anticipates organic revenue growth of 8% to 9% and comparable earnings growth of 4% to 5% throughout the year.
- The S&P 500 has climbed 16%, outpacing the 10% rise in shares of Coke this year.
is expected to report its second-quarter earnings before the bell on Tuesday.
Here is what Wall Street analysts surveyed by LSEG are expecting:
- Earnings per share: 81 cents expected
- Revenue: $11.76 billion expected
This month, Coca-Cola's revenue outlook for the full year was narrowed by its rival, while Coke has outperformed its peers in the consumer packaged goods sector, making Wall Street more confident in its prospects.
Despite facing the same economic challenges as its competitors, analysts believe the beverage giant's robust international business and pricing power will enable it to weather any difficulties.
Coke anticipates organic revenue growth of 8% to 9% and comparable earnings growth of 4% to 5% throughout the year.
Coke's market cap is approximately $279 billion, and its shares have increased by about 10% this year, while the S&P 500 has climbed 16%.
Business News
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