Coca-Cola Q3 earnings rise: Key trends and insights
- Coca-Cola's projected revenues for Q3 2024 are estimated at $11.65 billion, marginally above expectations.
- Despite a forecasted 2.5% decline in revenues due to foreign exchange issues, adjusted earnings per share are expected to rise by 1%.
- Coca-Cola's resilience in the market is reflected in its consistent outperformance compared to the S&P 500 over the years.
In the third quarter of 2024, Coca-Cola is expected to report revenues of approximately $11.65 billion. This figure slightly exceeds the consensus estimate of $11.6 billion, reflecting a minor increase compared to revenues from the previous year. Adjusted earnings per share are forecasted to be around $0.75, which is marginally higher than the consensus and the prior figure of $0.74. Despite these positive indicators, the company anticipates an overall decline in sales due to foreign exchange headwinds, projecting a 2.5% decrease in revenues. On the other hand, adjusted earnings per share are estimated to see a 1% uptick. The previous quarter had shown a 3% growth in revenues, highlighting Coca-Cola's ability to adapt amid challenging economic conditions. In the face of market fluctuations, Coca-Cola has consistently outperformed the S&P 500 over recent years, indicating robust company performance and investor confidence. This resilience positions Coca-Cola favorably for future growth, as it navigates both operational challenges and evolving market demands.