Pre-earnings brief
Reports
Wed, Oct 28, 2026
Est. EPS
—
Est. revenue
—
Implied move
±8.0%
EPS beat rate
0%
Coca-Cola Consolidated, Inc. is a major player in the soft drinks and non-alcoholic beverages sector. With a market cap of $13 billion, it plays a crucial role in the consumer staples industry, particularly as consumer spending trends shift towards healthier beverage options.
Last quarter
In Q2 2026, Coca-Cola Consolidated reported an EPS of $2.38, with the stock rising 2.07% the following day. The company did not provide specific revenue estimates or guidance.
EPS beat streak
0Q
EPS beat rate
0%
Avg EPS surprise
+0.00%
Avg 1-day reaction
+0.24%
Overall, investors are cautiously optimistic about Coca-Cola Consolidated's upcoming earnings. The market is looking for signs of revenue growth and profitability amidst changing consumer preferences.
Bull case
If the company shows strong revenue growth and maintains or increases its market share, it could signal a robust recovery and attract more investors.
Bear case
Conversely, if the earnings report reveals declining sales or increased competition, it could lead to a negative reaction from the market.
The print will turn on these.
Q1
What is the expected revenue growth rate for this quarter?
Revenue growth will be a key indicator of how well Coca-Cola Consolidated is adapting to market changes and consumer preferences.
Q2
How is the company addressing competition in the beverage market?
Understanding the company's strategy against competitors will help investors gauge its long-term viability and market position.
—
Est. EPS
—
Est. Rev
—
Impl. Move
±10.3%
Why consensus could be wrong
The market may underestimate Coca-Cola Consolidated's ability to adapt to healthier beverage trends, which could lead to stronger-than-expected revenue growth.
Supporting evidence
The company's historical performance shows resilience in adapting to market changes.
Options pricing suggests a significant move, indicating that traders are expecting volatility, which could be bullish.
Past earnings reactions indicate that positive surprises have led to stock gains.
Key risk
If revenue growth exceeds expectations, it could challenge the current cautious sentiment in the market.
Pre-commit to what would confirm each case.
This quarter's performance will hinge on how well Coca-Cola Consolidated can navigate competitive pressures and changing consumer tastes.
Bull confirmed if
A revenue growth rate of over 5% would confirm the bull case, indicating strong demand for its products.
Bear confirmed if
A revenue decline or stagnant growth would confirm the bear case, suggesting challenges in the market.
What the market is pricing for the move.
Implied Move
±8.76%
Historical Avg
±1.6%
The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.
Options are pricing ±8.0% while COKE has averaged ±1.6% over the last 8 prints — setup is pricing rich.
ATM IV
0.4%
30d HV
29.4%
Cross-company pattern from 30 similar setups.
Prior-quarter beat + options rich in Consumer Staples
Fade rate: 9 of 28 (32%)
This setup has occurred 30 times across Consumer Staples in the last 2 years. 19 of 28 (68%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 5.2%, with a raw directional average of -0.2% (modestly negative historical bias).
Smart-money positioning from the most recent 13F filings.
Institutional
74.87%
of float
Insider
0.00%
of float
Holders
772
institutions
Top Holders· as of Jun 2026
Blackrock Inc.
5,328,834 sh · $1.0B
9.43%
1.6%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Coca-Cola Consolidated beats expectations, history suggests the stock could rise by about 2% or more, confirming a positive outlook.
In line / cautious
If results are in line with expectations, the stock may see a muted reaction, reflecting cautious investor sentiment.
Miss
A miss could lead to a decline of around 2% or more, as seen in past quarters, indicating investor disappointment.
The lines on the call that would change the story.
Vanguard Portfolio Management LLC
2,978,517 sh · $560.1M
5.27%
0.7%
Vanguard Capital Management LLC
2,555,206 sh · $480.5M
4.52%
0.5%
Boston Partners
2,285,642 sh · $429.8M
4.04%
13.7%
First Trust Advisors LP
1,954,502 sh · $367.5M
3.46%
-3.1%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.