Earnings Alerts

Coca Cola Co (KO) Earnings: 3Q Price/Mix Exceed Estimates with Strong Organic Revenue Growth

By October 23, 2024 No Comments
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  • Coca-Cola’s price/mix increased by 10%, surpassing the estimated 6.51% increase.
  • Concentrate sales declined by 2%, which was more than the expected 0.07% decrease.
  • The company achieved a 9% growth in adjusted organic revenue, exceeding the estimate of 6.3%.
  • Coca-Cola maintains its forecast for comparable EPS to grow by 5% to 6% in the year.
  • The company will provide full-year 2025 guidance with its fourth quarter earnings report.
  • Analyst recommendations stand at 20 buys, 7 holds, and 1 sell.

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Coca Cola Co on Smartkarma

Analysts on Smartkarma, such as Baptista Research, are closely monitoring Coca Cola Co‘s performance. In a recent research report titled “The Coca-Cola Company: Increasing Inflation and Input Costs Adversely Impacting The Bottom-Line? – Major Drivers,” Baptista Research highlighted the company’s strong momentum in the second quarter. They praised Coca-Cola’s resilient strategy and consistent focus on leveraging its scale and growth mindset, leading to solid year-to-date results. Consequently, Coca-Cola has revised its top and bottom-line guidance upwards.


A look at Coca Cola Co Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts using the Smartkarma Smart Scores have assessed Coca Cola Co‘s long-term outlook based on various key factors. With a solid score in Growth and Momentum, the company is positioned for future expansion and market performance. This indicates a positive trajectory for Coca Cola Co in terms of both business growth and market momentum.

While the Value and Resilience scores are not as high, the company’s respectable Dividend score reflects its ability to provide stable payouts to investors. Despite facing some challenges in terms of value and resilience, Coca Cola Co‘s strengths in growth, momentum, and dividends suggest a promising outlook for investors looking at the long-term prospects of the company.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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