Coca-Cola seen reporting higher revenue and EPS in results due Tuesday
KO•Coca-Cola is expected to report third-quarter revenue up 4% to $12.92 billion and adjusted EPS of $0.88, compared with $12.41 billion and $0.82 a year earlier. Investors are also watching for an update on a potential $1 billion IPO for its India unit.
1. Quarterly expectations
Coca-Cola is expected to report third-quarter revenue of $12.92 billion, up 4% from $12.41 billion a year earlier, and adjusted EPS of $0.88 versus $0.82. The results are due before the market opens Tuesday.
2. India IPO in focus
Investors are also watching for updates on a potential $1 billion IPO for Coca-Cola’s India unit, reportedly considered for a December filing. LSEG data showed 21 analyst recommendations of “strong buy” or “buy” and six “hold” ratings.
3. Shares and recommendations
Coca-Cola shares slipped 0.3% Monday and had risen about 32% year to date, compared with an approximately 9% gain for the Dow over the same period.
