Analysts expect Coca-Cola to report earnings per share of $0.69 and revenue of $11.4 billion for the third quarter of 2023), the world's most recognizable beverage brand, is poised to release its 3rd-quarter 2023 earnings on October 24th, just before the market open. As the financial results draw near, investors are eager to see if the numbers will turn out to be the catalyst needed for KO stock to recover from its +15% decline since the last week of July.
Despite the continued growth in revenue and profitability, the beverage titan has faced challenges, with most analysts attributing the decline to the growing popularity of weight loss drugs in the United States. The expectation that these drugs, equipped with appetite-suppressing properties, could reduce demand for food and beverages has cast a shadow over KO stock.If we look at the 3rd quarter estimates; While 12 analysts revised their estimates downwards, there is a consensus estimate of $0.
The consistently strong profitability indicates that long-term investors may find merit in retaining Coca-Cola stock in their portfolios, despite some growth constraints.platform, an annual increase of 6.2% in EPS and an average increase of 6% in the next 3 years are predicted. Revenues are projected to increase by 4.2% y-o-y to 44.8 billion by year-end and continue at a similar pace over the next 3 years.