What to Expect When Coca-Cola (KO) Reports Q2 Earnings
NEW YORK (TheStreet) -- Shares of Coca-Cola (KO) - Get Report are lower by 0.57% to $45.57 this afternoon ahead of the company's 2016 second quarter earnings report, due out on Wednesday before the market open.
Wall Street is looking for the Atlanta-based beverage company to report earnings of 58 cents and revenue of $11.65 billion.
For the 2015 second quarter, the company reported earnings of 71 cents per share and revenue of $12.16 billion.
Coca-Cola is facing headwinds as consumer demand shifts from sugary soda beverages.
The company recently announced that it would be expanding its beverage products, entering the milk and coffee markets in Brazil. Coca-Cola is purchasing dairy producer Laticinios Verde Campo and partnering with coffee exporter Tristao Companhia de Comercio Exterior, both in Brazil, for undisclosed sums.
Coca-Cola said coffee and milk "were the last two frontiers in the beverage sector."
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "buy" with a ratings score of A-.
The company's strengths can be seen in multiple areas, such as its notable return on equity, solid stock price performance and expanding profit margins. TheStreet Ratings feels its strengths outweigh the fact that the company has had generally high debt management risk by most measures that TheStreet Ratings evaluated.
You can view the full analysis from the report here: KO