Coca-Cola (NYSE: KO ) is expected to report Q1 earnings on April 16. 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 compress -1.2% and EPS will compress 0.0%.
The average estimate for revenue is $11.01 billion. On the bottom line, the average EPS estimate is $0.45.
Last quarter, Coca-Cola reported revenue of $11.47 billion. GAAP reported sales were 3.8% higher than the prior-year quarter's $11.04 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.45. GAAP EPS of $0.41 for Q4 were 14% higher than the prior-year quarter's $0.36 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 59.6%, 50 basis points worse than the prior-year quarter. Operating margin was 21.1%, 90 basis points better than the prior-year quarter. Net margin was 16.3%, 130 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $48.88 billion. The average EPS estimate is $2.14.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Coca-Cola is outperform, with an average price target of $41.47.
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