Coca-Cola (KO) Q3 Earnings Beat Estimates

Core Insights - Coca-Cola reported quarterly earnings of $0.82 per share, exceeding the Zacks Consensus Estimate of $0.78 per share, and showing an increase from $0.77 per share a year ago, resulting in an earnings surprise of +5.13% [1] - The company generated revenues of $12.41 billion for the quarter ended September 2025, slightly missing the Zacks Consensus Estimate by 0.16%, but up from $11.85 billion year-over-year [2] - Coca-Cola's stock has increased by approximately 9.9% since the beginning of the year, while the S&P 500 has gained 14.5% [3] Earnings Outlook - The future performance of Coca-Cola's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.59 on revenues of $12.17 billion, and for the current fiscal year, it is $2.97 on revenues of $48.42 billion [7] Industry Context - The Beverages - Soft drinks industry, to which Coca-Cola belongs, is currently ranked in the bottom 20% of over 250 Zacks industries, which may negatively impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that investors should monitor these revisions closely [5]