Coca-Cola Set to Report Q2 With 93-Cent EPS Seen on $13.17 Billion Revenue
Updated
Updated · Benzinga · Jul 27
Coca-Cola Set to Report Q2 With 93-Cent EPS Seen on $13.17 Billion Revenue
3 articles · Updated · Benzinga · Jul 27
Summary
Tuesday’s premarket report is expected to show Coca-Cola earned 93 cents a share in Q2, up from 87 cents a year earlier, on revenue of $13.17 billion.
That would mark growth from last year’s $12.62 billion in quarterly revenue, with investors watching whether drink demand can sustain the expected gains.
Barclays on July 21 kept an Overweight rating on Coca-Cola and lifted its price target to $91 from $89, while the stock closed Friday up 1.3% at $82.25.
Coca-Cola’s 2.58% annual dividend yields $2.12 a share, implying roughly 2,830 shares worth about $232,768 to generate $500 a month in dividend income.