Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) is reporting second quarter earnings results on Wednesday 22nd July 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.61 per share.
For the full year, analysts predict revenues of $ 8518.53 million, while looking forward to income of $ 2.47 per share.
Previous Quarter Performance
Coca Cola Femsa S.A.B. de C.V. recorded income for the first quarter of $ 0.61 per share, from the revenue of $ 2,267.00 million. The quarterly earnings reduced 29.55 percent while revenues compared with the same quarter last year.
According to street consensus, KOF was expected to report 1Q20 income of $ 0.63 per share from revenue of $ 2,010.00 million. The bottom line results missed street analysts by $ 0.02 or 3.17 percent, at the same time, top line results outshined analysts by $ 257.00 million or 12.79 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of KOF was $ 41.53, representing a 10.07 % increase from the 52 week low of $ 37.73 and a 36.59 % decrease over the 52 week high of $ 65.49.
The company has a market capital of $ 79.43 billion and is part of the Consumer Defensive sector and Beverages – Soft Drinks industry.
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Recent Analyst recommendations
On 13th July 2020, downgraded by Barclays to Equal-Weight from Overweight rating.
Recent Stock Dividend Announcement
On April 21, 2020, the board of directors authorized semi-annual dividend of $ 1.2783 per share to holders of record as of the close of business on May 4, 2020, with payment date of May 15, 2020 and ex-dividend date on May 1, 2020.
Coca-Cola FEMSA, S.A.B. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and still beverages, such as juice drinks, coffee, teas, milk, value-added dairy, sports drinks, energy drinks, and plant-based drinks.
