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Coca-Cola Likely To Report Higher Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts

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The Coca-Cola Company KO is expected to release earnings results for its fourth quarter, before the opening bell on Feb. 13, 2024.

Analysts expect the Atlanta-based company to report quarterly earnings at 49 cents per share, up from year-ago earnings of 45 cents per share. Coca-Cola is projected to report quarterly revenue of $10.68 billion, compared to $10.2 billion in the year-earlier quarter, according to data from Benzinga Pro.

Coca-Cola India, a branch of the global beverage giant, Coca-Cola Company, recently said it is stepping into India’s burgeoning ready-to-drink tea market with the introduction of “Honest Tea” — a subsidiary of the Coca-Cola.

Coca-Cola shares rose 0.2% to close at $59.70 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

  • Barclays analyst Lauren Lieberman maintained an Overweight rating and raised the price target from $60 to $66 on Jan. 16, 2024. This analyst has an accuracy rate of 61%.
  • JP Morgan analyst Andrea Teixeira maintained an Overweight rating and boosted the price target from $59 to $62 on Oct. 25, 2023. This analyst has an accuracy rate of 62%.
  • Morgan Stanley analyst Dara Mohsenian maintained an Overweight rating and cut the price target from $70 to $65 on Oct. 25, 2023. This analyst has an accuracy rate of 73%.
  • B of A Securities analyst Bryan Spillane maintained a Buy rating and lowered the price target from $74 to $60 on Oct. 17, 2023. This analyst has an accuracy rate of 68%.

 

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