Coca-Cola 2Q Earnings Pregame Scorecard

Published July 18, 2012

| FOXBusiness

Last quarter Coca-Cola (CCE) beat estimates by 3 cents per share and it is up again on Monday, July 23, 2012.

Expectations

Analysts currently expect Coca-Cola to come in with earnings of 73 cents per share on revenues of $2.28 billion. Analysts gave estimates ranging from 71 cents per share to 75 cents per share. Over the past three months, the average estimate has moved down from 79 cents.

Stock Movement

The stock price has been falling recently The share price has fallen $1.51 since July 3, 2012. Looking at change over the last three months, April 19, 2012 and July 16, 2012, the stock price fell $1.35 (-4.7%), from $28.60 to $27.25.

Company Fundamental Trends

The impending earnings announcement offers the opportunity expand on positive earnings momentum gained over last three quarters. Net income rose 36.5% in the third quarter of the last fiscal year and 16.5% in the fourth quarter of the last fiscal year before increasing again in the first quarter. On the top line, the company is looking to build on three-straight revenue increases heading into this earnings announcement. Revenue increased 27.3% in the third quarter of the last fiscal year and 5.5% in the fourth quarter of the last fiscal year before climbing again in the first quarter. Stock Ratings

Analysts think investors should stand pat on Coca-Cola with six of 12 analysts rating it hold. Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.

Last Quarter's Results

In the first quarter, profit rose 2.8% to $109 million (35 cents a share) from $106 million (31 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 1.3% to $1.87 billion from $1.84 billion.

Summary

Reporting Period: 2Q

Date of Release: Monday, July 23, 2012 before market open

EPS: 73 cents

Revenue Estimate: $2.28 billion

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

URL

http://www.foxbusiness.com/markets/2012/07/18/coca-cola-2q-earnings-pregame-scorecard/