Coca-Cola (NYSE: KO) is expected to report Q2 earnings on July 17. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Coca-Cola's revenues will increase 2.0% and EPS will increase 1.7%.

The average estimate for revenue is $12.98 billion. On the bottom line, the average EPS estimate is $1.19.

Revenue details
Last quarter, Coca-Cola reported revenue of $11.14 billion. GAAP reported sales were 5.9% higher than the prior-year quarter's $10.52 billion.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, EPS came in at $0.89. GAAP EPS of $0.89 for Q1 were 8.5% higher than the prior-year quarter's $0.82 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 61.0%, 150 basis points worse than the prior-year quarter. Operating margin was 23.4%, 10 basis points better than the prior-year quarter. Net margin was 18.4%, 30 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $48.41 billion. The average EPS estimate is $4.08.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 6,208 members out of 6,517 rating the stock outperform, and 309 members rating it underperform. Among 1,791 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,736 give Coca-Cola a green thumbs-up, and 55 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Coca-Cola is outperform, with an average price target of $75.06.

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