Open CFD account Free Demo
Call: +248 4 671 903 Mail: [email protected]
Log In Open Account
Log In Open Account
Log In Open Account
News & Analysis
Open Account
News & Analysis
Open Account

Coca-Cola tops estimates in the second quarter – the stock gains

27 July 2022 By Klavs Valters

Share

The Coca-Cola Company (KO) reported its latest financial results for the second quarter before the opening bell in the US on Tuesday, beating Wall Street expectations for the quarter.

World’s largest beverage producer reported revenue of $11.325 billion (up by 12% year-over- year) vs. $10.565 billion expected.

Earnings per share reported at $0.70 per share (up 4% year-over-year) vs. $0.67 per share estimate.

”Our results this quarter reflect the agility of our business, the strength of our streamlined portfolio of brands, and the actions we’ve taken to execute for growth in the face of challenges in the operating and macroeconomic environment,” said James Quincey, Chairman and CEO of Coca-Cola in press release.

”We are staying true to our purpose, executing on our strategy and delivering value for our stakeholders,” Quincey concluded.

The Coca-Cola Company (KO) chart

The stock price gained by 1.64% on Tuesday, trading at $63.18 per share.

Here is how the stock has performed in the past year:

  • 1 Month +1.49%
  • 3 Month -2.83%
  • Year-to-date +6.76%
  • 1 Year +10.39%

Coca-Cole price targets

  • JP Morgan $70
  • Citigroup $60
  • Credit Suisse $63
  • DZ Bank $69
  • Guggenheim $71
  • Deutsche Bank $64
  • Cowen & Co. $68
  • HSBC $72

The Coca-Cola Company is the 29th largest company in the world with a market cap of $274.01 billion.

You can trade The Coca-Cola Company (KO) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD.

Sources: The Coca-Cola Company, TradingView, MetaTrader 5, Benzinga, CompaniesMarketCap

The information provided is of general nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information provided, you should consider whether the information is suitable for you and your personal circumstances and if necessary, seek appropriate professional advice. All opinions, conclusions, forecasts or recommendations are reasonably held at the time of compilation but are subject to change without notice. Past performance is not an indication of future performance. Go Markets Pty Ltd, ABN 85 081 864 039, AFSL 254963 is a CFD issuer, and trading carries significant risks and is not suitable for everyone. You do not own or have any interest in the rights to the underlying assets. You should consider the appropriateness by reviewing our TMD, FSG, PDS and other CFD legal documents to ensure you understand the risks before you invest in CFDs. These documents are available here.

#Economy #Economics #Finance #Markets