Coca-Cola drinks are supplied on the market in Chicago on April 30, 2024.
Scott Olson | Getty Pictures
Coca-Cola is predicted to report its second-quarter earnings earlier than the bell on Tuesday.
Here’s what Wall Avenue analysts surveyed by LSEG predict:
- Earnings per share: 81 cents anticipated
- Income: $11.76 billion anticipated
Earlier this month, rival PepsiCo narrowed its income outlook for the complete 12 months, citing the weakening U.S. shopper as demand for its snacks fell. However Wall Avenue is extra assured in Coke, which has outperformed its friends within the shopper packaged items sector.
Whereas the beverage big has struggled with the identical financial situations affecting its competitors, analysts suppose its robust worldwide enterprise and pricing energy will assist it by means of any tough patches.
For the complete 12 months, Coke expects natural income progress of 8% to 9% and comparable earnings progress of 4% to five%.
Shares of Coke have risen about 10% this 12 months, whereas the S&P 500 has climbed 16%. Coke has a market cap of about $279 billion.