Coca-Cola (NYSE: KO) reported earnings on July 16. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 28 (Q2), Coca-Cola missed estimates on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted slightly. Non-GAAP earnings per share grew. GAAP earnings per share shrank.

Gross margins grew, operating margins dropped, net margins shrank.

Revenue details
Coca-Cola notched revenue of $12.75 billion. The 15 analysts polled by S&P Capital IQ hoped for a top line of $13.02 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

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

EPS details
EPS came in at $0.63. The 19 earnings estimates compiled by S&P Capital IQ anticipated $0.63 per share. Non-GAAP EPS of $0.63 for Q2 were 3.3% higher than the prior-year quarter's $0.61 per share. GAAP EPS of $0.59 for Q2 were 3.3% lower than the prior-year quarter's $0.61 per share.

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

Margin details
For the quarter, gross margin was 60.9%, 80 basis points better than the prior-year quarter. Operating margin was 25.4%, 30 basis points worse than the prior-year quarter. Net margin was 21.0%, 30 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $12.52 billion. On the bottom line, the average EPS estimate is $0.55.

Next year's average estimate for revenue is $48.34 billion. The average EPS estimate is $2.12.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 6,437 members out of 6,761 rating the stock outperform, and 324 members rating it underperform. Among 1,820 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,764 give Coca-Cola a green thumbs-up, and 56 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 $45.38.

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