Coca-Cola earnings — What to know in markets Friday
Coca-Cola (KO) will be reporting its third-quarter financial results ahead of the opening bell Friday.
Rival PepsiCo’s (PEP) positive report earlier this month has given investors and analysts hope that Coca-Cola will also deliver strong results. Organic revenue growth will be in focus, as the company has reported growth between 5% to 6% for each of the past four quarters. Analysts polled by Bloomberg expect organic revenue growth of 4.1% during the third quarter. Coca-Cola expects 5% organic revenue growth for the full year.
Coca-Cola’s updates for free cash flow and the Coke Energy launch will also be focal points. The soda giant is expected to report adjusted earnings of 57 cents per share on $9.43 billion in revenue during the third quarter. Coke’s third quarter report follows strong second quarter results. In July, the beverage company reported an earnings beat and better-than-expected revenue guidance, which sent the stock soaring.
Shares of Coca-Cola rose 16% this year, while the broader market (^GSPC) jumped 21% in the same time period. The options market is implying about a 3% move in either direction following the results.
Other notable earnings reports scheduled for Friday include American Express Company (AXP), State Street Corporation (STT), Synchrony Financial (SYF) and Kansas City Southern (KSU).
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Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung.
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