The Coca-Cola Company (NYSE:KO) Q1 2024 Earnings Conference Call April 30, 2024 8:30 AM ET Company Participants James Quincey - Chairman, Chief Executive Officer John Murphy - President, Chief Financial Officer Robin Halpern - Vice President, Head of Investor Relations Conference Call Participants Bryan Spillane - Bank of America Dara Mohsenian - Morgan Stanley Lauren Lieberman - Barclays Steve Powers - Deutsche Bank Bonnie Herzog - Goldman Sachs Andrea Teixeira - JPMorgan Chris Carey - Wells Fargo Securit ...

Key TakeawaysHigher prices helped boost first-quarter results for Coca-Cola.The biggest soft drink maker beat estimates for profit and sales.Coca-Cola raised its full-year revenue outlook as it anticipates more price hikes in markets hit by high inflation. Coca-Cola (KO) posted better-than-expected results for the first quarter and raised its outlook as it benefited from higher prices, though volume growth was soft.  Revenue, EPS Beat Forecasts on Higher Prices Coca-Cola reported first-quarter diluted ea ...

The soda maker is still a great evergreen investment.Coca-Cola (KO 0.81%) is often considered a safe blue chip stock. It owns the world's top soda brand, it generates plenty of cash, and it pays consistent dividends. But over the past 12 months, its stock declined 3% as the S&P 500 rallied 23%.Emboldened by the prospects of interest rate cuts, many investors flocked toward the market's higher-growth stocks instead of Coca-Cola. However, I believe it's actually the perfect time to buy Coca-Cola's stock for f ...

Key PointsCoca-Cola struggled in Q1 but pulled off another quarter of growth ahead of analysts' forecasts.Prices are in the mix, helping the top line and sustaining margin for investors. Analysts rate the stock a buy and see it moving higher within its trading range. 5 stocks we like better than Coca-ColaShares of Coca-Cola Company NYSE: KO gained nearly 20% from 2023’s low to 2024’s high and about 6% for the year because of the growth outlook, valuation, and capital return. The stock is pulling back to ret ...

Coca-Cola (KO) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.68 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.35%. A quarter ago, it was expected that this world's largest beverage maker would post earnings of $0.48 per share when it actually produced earnings of $0.49, delivering a surprise of 2.08%.Over the last four quarters, ...

Investors and analysts alike weren’t sure what to expect of today’s earnings season report from The Coca-Cola Company (KO).Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.On the one hand, inflation has been driving sales down for brands across the board. On the other hand, Coca-Cola is known for defying pessimistic earnings predictions by beating estimates time and again. And so, when the beverage behemoth reported its Q1 2024 financial results before ...

Exhibit 99.1 Coca-Cola Reports First Quarter 2024 Results and Provides Updated Guidance Global Unit Case Volume Grew 1% Net Revenues Grew 3%; Organic Revenues (Non-GAAP) Grew 11% Operating Income Declined 36%; Comparable Currency Neutral Operating Income (Non-GAAP) Grew 13% Operating Margin Was 18.9% Versus 30.7% in the Prior Year; Comparable Operating Margin (Non-GAAP) Was 32.4% Versus 31.8% in the Prior Year EPS Grew 3% to $0.74; Comparable EPS (Non-GAAP) Grew 7% to $0.72 ATLANTA, April 30, 2024 – The Coc ...

The Coca-Cola Company (KO) is slated to report first-quarter 2024 earnings on Apr 30. The Atlanta, GA-based company has been reporting steady earnings outcomes, as evident from its positive top and bottom-line surprise trends in the trailing four quarters. KO has a trailing four-quarter earnings surprise of 5.6%, on average. Additionally, the company’s top line surpassed the Zacks Consensus Estimate in the trailing 12 quarters. Given its positive record, the question is, can KO maintain the momentum?Coca-Co ...

Wall Street analysts forecast that Coca-Cola (KO) will report quarterly earnings of $0.69 per share in its upcoming release, pointing to a year-over-year increase of 1.5%. It is anticipated that revenues will amount to $10.95 billion, exhibiting a decline of 0.3% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projection ...

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