Beverage company Coca-Cola (NYSE: KO) will be reporting earnings this Tuesday before market hours. Here’s what investors should know.
Coca-Cola beat analysts’ revenue expectations by 0.5% last quarter, reporting revenues of $12.62 billion, up 2.1% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ EBITDA estimates.
Is Coca-Cola a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Coca-Cola’s revenue to grow 4.7% year on year to $12.41 billion, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.78 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Coca-Cola has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 3.3% on average.
Looking at Coca-Cola’s peers in the consumer staples segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Tilray delivered year-on-year revenue growth of 4.7%, beating analysts’ expectations by 2.7%, and Constellation Brands reported a revenue decline of 15%, topping estimates by 0.5%. Tilray’s stock price was unchanged after the resultswhile Constellation Brands was up 1%.
Read our full analysis of Tilray’s results here and Constellation Brands’s results here.
Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the consumer staples stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.5% on average over the last month. Coca-Cola is up 3.3% during the same time and is heading into earnings with an average analyst price target of $77.49 (compared to the current share price of $68.42).
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