The Coca-Cola Company (NYSE:KO) is set to announce second quarter earning results on Tuesday 21st July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, KO to report 2Q20 income of $ 0.40 per share.
For the full year, analysts anticipate top line of $ 32599.00 million, while looking forward to income of $ 1.83 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.25 ~ $ 2.25 per share
Click Here For More Historical Outlooks Of The Coca-Cola Company
Previous Quarter Performance
The Coca-Cola Company communicated income for the first quarter of $ 0.51 per share, from the revenue of $ 8,601.00 million. The quarterly earnings elevated 6.25 percent while revenues gained 7.19 percent compared with the same quarter last year.
Street analysts expected The Coca-Cola Company to report income of $ 0.44 per share on revenue of $ 8281.71 million for the first quarter. The bottom line results beat street analysts by $ 0.07 or 15.91 percent, at the same time, top line results outshined analysts by $ 319.29 million or 3.86 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of The Coca-Cola Company
Stock Performance
According to the previous trading day, closing price of KO was $ 46.12, representing a 27.16 % increase from the 52 week low of $ 36.27 and a 23.3 % decrease over the 52 week high of $ 60.13.
The company has a market capital of $ 198.08 billion and is part of the Consumer Defensive sector and Beverages – Soft Drinks industry.
[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”KO” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]
Recent Analyst recommendations
On 8th June 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 52.00 target price.
Recent Stock Dividend Announcement
On July 16, 2020, the board of directors authorized quarterly dividend of $ 0.41 per share to holders of record as of the close of business on September 15, 2020, with payment date of October 1, 2020 and ex-dividend date on September 14, 2020.
On April 22, 2020, the board of directors authorized quarterly dividend of $ 0.41 per share to holders of record as of the close of business on June 15, 2020, with payment date of July 1, 2020 and ex-dividend date on June 12, 2020.
Conference Call
The Coca-Cola Company will be hosting a conference call at 8:30 AM eastern time on 21st July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.coca-colacompany.com
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant–based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
