Coca-Cola Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Coca-Cola (NYSE:KO) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$11.9b (flat on 3Q 2023).
• Net income: US$2.85b (down 7.7% from 3Q 2023).
• Profit margin: 24% (down from 26% in 3Q 2023).
• EPS: US$0.66 (down from US$0.71 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Coca-Cola Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Beverage industry in the US.

Performance of the American Beverage industry.

The company's shares are down 3.6% from a week ago.

Risk Analysis

Be aware that Coca-Cola is showing 3 warning signs in our investment analysis and 1 of those makes us a bit uncomfortable...

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