Coca-Cola Co. (KO)

$ 65.31
   
  • Change Today:
    $-0.61
  • 52 Week High: $73.01
  • 52 Week Low: $56.44
  • Currency: US Dollars
  • Shares Issued: 4.31m
  • Volume: 13,380,209
  • Market Cap: $281.36m
  • RiskGrade: 95

Coca-Cola beats quarterly earnings expectations

By Iain Gilbert

Date: Wednesday 20 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Soft drinks giant Coca-Cola posted quarterly earnings that came in ahead of expectations early on Monday and stated that demand had returned to levels not seen since before the outbreak of the Covid-19 pandemic in March.
Coca-Cola said adjusted earnings per share for the quarter had come to $0.55 each, ahead of estimates for a print of $0.50, while revenues rose 5% to $9.02bn versus expectations for a print of $8.6bn.

First-quarter net income was $2.25bn, or $0.52, down from $2.78bn, or $0.64 on a per share basis, a year earlier.

Organic revenues grew 6%, while unit case volume was flat year-on-year.

Coca-Cola also reiterated its full-year guidance for organic revenue growth in the high single digits and adjusted earnings growth of high single digits to low double digits as demand improved during the quarter as markets like China where coronavirus-related uncertainty has fallen.

Chief executive James Quincey said: "We are encouraged by improvements in our business, especially in markets where vaccine availability is increasing and economies are opening up, and we remain confident in our full-year guidance."

As of 1230 BST, Coca-Cola shares were up 0.61% in pre-market trading at $54.01 each.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Coca-Cola Market Data

Currency US Dollars
Share Price $ 65.31
Change Today $ -0.61
% Change -0.93 %
52 Week High $73.01
52 Week Low $56.44
Volume 13,380,209
Shares Issued 4.31m
Market Cap $281.36m
RiskGrade 95

What The Brokers Say

Strong Buy 6
Buy 11
Neutral 7
Sell 0
Strong Sell 0
Total 24
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Trades for 31-Oct-2024

Time Volume / Share Price
16:00 3,312,682 @ $65.31
15:59 246 @ $65.32
15:59 100 @ $65.32
15:59 200 @ $65.32
15:59 100 @ $65.32

Top of Page