Coca-Cola is about to report earnings. Here's what Wall Street expects

In this article KO Follow your favorite stocks CREATE FREE ACCOUNT Coca-Cola beverages are offered for sale in Chicago on April 30, 2024. Scott Olson | Getty Images Coca-Cola is expected to report its second-quarter earnings before the bell on Tuesday. Here is what Wall Street analysts surveyed by LSEG are expecting: Earnings per share: 81 cents expected Revenue: $11.

76 billion expected Earlier this month, rival PepsiCo narrowed its revenue outlook for the full year, citing the weakening U.S. consumer as demand for its snacks fell.

But Wall Street is more confident in Coke, which has outperformed its peers in the consumer packaged goods sector. While the beverage giant has struggled with the same economic conditions affecting its competition, analysts think its strong international business and pricing power will help it through any rough patches. For the full year, Coke expects organic revenue growth of 8% to 9% and comparable earnings growth of 4% to 5%.

Shares of Coke have risen about 10% this year, while the S&P 500 has climbed 16%. Coke has a market cap of about $279 billion. Don’t miss these insights from CNBC PRO Berkshire has eliminated 10% of outstanding shares as Buffett values the enduring power of buybacks Bank of America strategist says it's time to get bearish Morgan Stanley is pounding the table for these stocks, including Apple, ahead of earnings ‘Trump trade’ could stall if Biden drops out of race, analyst says.