Key Highlights:
- Coca-Cola's Q2 earnings exceeded expectations with a Non-GAAP EPS of $0.87, but revenue fell short by $80 million.
- Analysts project a significant upside of over 11% for Coca-Cola's stock in the next year.
- Coca-Cola maintains an "Outperform" status with a GF Value estimate pointing to a slight upside.
Coca-Cola (KO, Financial) Q2 Earnings Overview
Coca-Cola (KO) has reported its second-quarter earnings, achieving a Non-GAAP EPS of $0.87, which surpassed analyst expectations by $0.03. Although revenues slightly missed the mark by $80 million, coming in at $12.5 billion, there's a silver lining: the company experienced a substantial 5% rise in organic revenue, driven by a 6% increase in price/mix growth. Despite a minor 1% decline in concentrate sales, these figures showcase Coca-Cola's pricing power and strategic agility. Looking ahead, the company is optimistic, forecasting a 5% to 6% growth in organic revenue and an 8% increase in currency-neutral EPS.
Wall Street Analysts Forecast
According to the insights of 25 analysts, the average one-year price target for Coca-Cola Co (KO, Financial) is pegged at $77.91. Estimates vary, with the highest target at $86.00 and the lowest at $59.60. This average target price indicates a potential upside of 11.19% from the current stock price of $70.07. For additional forecast details, visit the Coca-Cola Co (KO) Forecast page.
The consensus from 29 brokerage firms places Coca-Cola Co's (KO, Financial) average recommendation at 1.9, reflecting an "Outperform" status. The rating scale, where 1 denotes a Strong Buy and 5 indicates a Sell, underscores the general optimism surrounding Coca-Cola's market prospects.
Evaluating GF Value for Coca-Cola
According to GuruFocus estimates, Coca-Cola Co (KO, Financial) has a projected GF Value of $70.18 for the next year. This indicates a marginal upside of 0.16% from its current price of $70.07. The GF Value represents GuruFocus' fair value assessment of the stock, determined by historical trading multiples, past business growth, and projected business performance. Explore more detailed financial insights on the Coca-Cola Co (KO) Summary page.
