Can Coca-Cola (KO) Stock Maintain Strength After Reporting Earnings?

What's Happening With KO View more about KO >

Coca-Cola (KO) stock is scheduled to report first-quarter numbers April 23. The company reports before the market open with the consensus calling for earnings of $0.46 per share and revenue of $7.89 billion. During the same period last year the company earned $0.47 and reported sales of $7.6 billion.

Technical Analysis

KO was recently trading at $47.49 down $3.35 from its 12-month high and $6.04 above its 12-month low. InvestorsObserver’s Stock Score Report gives KO a 77 long-term technical score and a 87 short-term technical score. The stock has recent support above $46 and recent resistance below $49. Of the 14 analysts who cover the stock 6 rate it Strong Buy, 0 rate it Buy, 8 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, KO gets an overall score of 67 from InvestorsObserver’s Stock Score Report.

Analysts' Thoughts

KO stock took a big hit following the company’s in-line quarterly report in February after the company issued weaker than expected guidance. After a quick selloff the stock regained its footing and has trended higher over the last three months. Wall Street has already priced in the company’s guidance but if the stock is to build on its recent gains it will need to deliver on both the top and bottom line for the recent quarter. The street expects a $0.01 earnings beat with a $0.47 whisper for the quarter. The stock is reasonably priced with a forward P/E of 21 and earnings are expected to rise 5.3% per annum over the next five years. Analysts have an average price target of $50.00 on the stock.

KO
About Coca-Cola Company (The)

The Coca-Cola Company is the largest nonalcoholic beverage company in the world, with over $30 billion in annual revenue. Its portfolio includes a variety of carbonated and noncarbonated brands, including Coca-Cola, Diet Coke, Fanta, Sprite, Minute Maid, Powerade, and Dasani. The firm has both concentrate and finished product operations, with concentrate sales contributing nearly two thirds of revenue. Trademark Coca-Cola contributes 45% of unit case volumes worldwide. Coca-Cola generates the majority of its revenue outside of the United States. The acquisition of Costa, closed in January 2019, should bolster its presence in the coffee category, particularly in the U.K., where Costa has more than a one third share of coffeehouses.

  • Last Price:
    $48.88
  • Previous Close:
    $49.20
  • Change:
    $-0.31 (-0.64%)
  • Open:
    $49.04
  • Volume:
    5,628,020
  • Average Volume (100 Day):
    14,942,272
  • Market Capitalization:
    $208.5 B
  • Day's Range:
    $48.80 - $49.14
  • Dividend Yield:
    3.25%
  • 52-week Range:
    $51 - $41.93
  • P-E:
    31.10
  • EPS:
    $1.58
  • Earnings Date:
    7/24/19
  • Ex Dividend Date:
    6/13/19
  • Sector:
    Consumer Defensive
  • Industry:
    Beverages - Soft Drinks
  • Analyst Average Recommendation:
    Moderate Buy

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