The Coca-Cola Company (NYSE:KO) is reporting third quarter financial results on Thursday 22nd October 2020, before market open.
According to analysts surveyed by Thomson Reuters, KO is expected to report 3Q20 income of $ 0.46 per share from revenue of $ 8348.90 million.
For the full year, analysts anticipate top line of $ 32716.50 million, while looking forward to income of $ 1.81 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.25 ~ $ 2.25 per share
Click Here For More Historical Outlooks Of The Coca-Cola Company
Previous Quarter Performance
The Coca-Cola Company unwinded income for the second quarter of $ 0.41 per share, from the revenue of $ 7,150.00 million, On adjusted basis, KO reported income for the quarter of $ 0.42 per share. The quarterly earnings dropped 32.79 percent while revenues reduced 28.48 percent compared with the same quarter last year. According to street consensus, KO was expected to report 2Q20 income of $ 0.40 per share from revenue of $ 7183.92 million. The bottom line results beat street analysts by $ 0.02 or 5.00 percent, at the same time, top line results fell short of analysts by $ 33.92 million or 0.47 percent.
Stock Performance
Shares of The Coca-Cola Company traded low $ -0.16 or -0.31 percent on Wednesday, reaching $ 50.10 with volume of 7.39 million shares. The stock opened down for the day at $ 49.96, after closing the previous day trading at $ 50.25.
According to the previous trading day, closing price of $ 50.25, representing a 38.54 % increase from the 52 week low of $ 36.27 and a 16.43 % decrease over the 52 week high of $ 60.13.
The company has a market capital of $ 215.18 billion and is part of the Consumer Defensive sector and Beverages – Soft Drinks industry.
Recent Stock Dividend Announcement
On July 16, 2020, the board of directors authorized quarterly dividend of $ 0.41 per share to holders of record as of the close of business on September 15, 2020, with payment date of October 1, 2020 and ex-dividend date on September 14, 2020.
Conference Call
The Coca-Cola Company will be hosting a conference call at 8:30 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.coca-colacompany.com
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant–based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
