Coca-Cola Reports Solid Operating Results in First Quarter; Remains Confident in Full Year Guidance
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Coca-Cola (KO) PT Raised to $49 at Cowen
April 24, 2019 8:37 AM EDTCowen analyst Vivien Azer raised the price target on Coca-Cola (NYSE: KO) to $49.00 (from $47.00) while maintaining a Market Perform rating following the company's 1Q. KO's in-line 1Q19 print featured a penny beat to Cowen's comparable EPS estimate of $0.47. Because expectations were tempered... More
Coca Cola (KO) Tops Q1 EPS by 2c; Provides FY19 Growth Outlook
April 23, 2019 6:58 AM EDTCoca Cola (NYSE: KO) reported Q1 EPS of $0.48, $0.02 better than the analyst estimate of $0.46. Revenue for the quarter came in at $8 billion versus the consensus estimate of $7.89 billion.
Net Revenues Grew 5% in First Quarter; Organic Revenues (Non-GAAP) Grew 6%, Including a 2% Benefit from TimingOperating Income Grew 29%; Comparable Currency Neutral Operating Income (Non-GAAP) Grew 16%Operating Margin was 29.1%; Comparable Operating Margin (Non-GAAP) was 30.5%, Including the Impact from Currency Headwinds and AcquisitionsEPS from Continuing Operations Grew 24% to $0.38; Comparable EPS from Continuing Operations (Non-GAAP) Grew 2% to $0.48, Impacted by 11% Currency Headwind and a... More