Coca-Cola Stock Price Coming off Record Highs Ahead of Earnings – What to Expect
Coca-Cola’s stock (NYSE: KO) continues to demonstrate its enduring appeal, reaching new all-time highs of $74.38 just last week, even more impressive when considered against the backdrop of broader market uncertainties. With earnings due before the open this morning, we take a look at what markets are expecting.
Analysts are forecasting earnings per share (EPS) of $0.72, matching the figure from the same quarter last year. While organic growth is expected, reported results are likely to face headwinds. Revenue for the period is expected to be $11.17 billion.
Management has previously guided towards impacts from currency fluctuations (estimated 3-4% drag) and structural changes (2-3% drag). Furthermore, persistent inflation in key…
