Coca-Cola Co (KO) to Release Quarter 3 Numbers

Friday, October 16, 2020 4:16 PM | Nick Dey

What's Happening with KO

Coca-Cola Co (KO) is scheduled to report Quarter 3 numbers before the market open on October 22. Analysts forecast earnings of $0.29 per share for the quarter. During the same period last year the company earned $0.22, and the stock is down -9.6% on the year.

Technical Analysis

KO was recently trading at $50.03 down $10.10 from its 12-month high and $13.76 above its 12-month low. InvestorsObserver gives KO a 49 long-term technical score and a 48 short-term technical score. The stock has recent support above $48.11 and recent resistance below $51. Of the 13 analysts who cover the stock 7 rate it Strong Buy, 2 rate it Buy, 4 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, KO gets an overall score of 41 from InvestorsObserver.

Analysts' Thoughts

KO has shown annual earnings growth of 1.91% over the last five years, and looking ahead analysts expect the company to grow profits 2.91% per annum the next five years. Last quarter the company posted EPS in line with analyst expectations and this quarter the street expects $0.29 EPS. KO is currently trading at $50.03 with an average price target of $54.45.

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