Equity Profile

KO

The Coca-Cola Company

Consumer StaplesSoft Drinks & Non-alcoholic Beverages$342.2B

Apr28Tue

Post-Earnings Recap

ReportedQ1-2026Pre-Market6:55 AM EDT

Coca-Cola Beats on EPS, Stock Down 1.55%

Metric	Actual	Expected	Surprise
EPS	$0.86	$0.81	+6.30%
Revenue	N/A	$12.2B	N/A

management commentary, guidance changes, and full analysis available with Pro.

Coca-Cola Beats on EPS, Stock Down 1.55%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$0.86	$0.81	+6.30%
Revenue	N/A	$12.2B	N/A

Management Commentary

Tone: Cautiously Optimistic

Management expressed cautious optimism about consumer demand trends. They emphasized a commitment to innovation and product expansion.

We are seeing positive trends in consumer demand.

Our focus remains on innovation and expanding our product offerings.

What It Means

Coca-Cola's earnings report shows a positive surprise in EPS, indicating better-than-expected profitability. However, the stock fell by 1.55%, likely due to the lack of revenue details and guidance. Investors may be concerned about future performance without clearer direction from management.

Company Snapshot

The Coca-Cola Company (KO) is a leading global beverage company known for its iconic soft drinks and non-alcoholic beverages. Operating in the consumer staples sector, Coca-Cola is significant due to its extensive distribution network and strong brand recognition, which are crucial in a competitive market focused on consumer spending and health trends.

Key Metrics to Watch

EPS

Earnings per share (EPS) is a key indicator of profitability and helps investors gauge the company's financial health.

$0.81

Revenue

Revenue figures provide insight into the company's sales performance and market demand for its products.

$12.2B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+4.52%

Avg Stock Reaction

+1.20%

Last Quarter Recap

In Q4 2025, Coca-Cola reported an EPS of $0.58, slightly exceeding expectations. However, the stock saw a decline of 1.49% the following day, indicating mixed investor sentiment.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Coca-Cola to report solid earnings this quarter, with a consensus EPS of $0.81 and revenue of $12.2 billion. Investors will be closely watching for any signs of growth in key markets and product lines.

Bull Case

If Coca-Cola can exceed EPS expectations and show strong revenue growth, it may signal robust demand and effective cost management, potentially boosting investor confidence.

Bear Case

Conversely, if the company fails to meet earnings expectations or shows signs of declining sales, it could raise concerns about market share and profitability, leading to a negative market reaction.

Key Metrics to Watch

EPS

$0.81

Earnings per share (EPS) is a key indicator of profitability and helps investors gauge the company's financial health.

Revenue

$12.2B

Revenue figures provide insight into the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Coca-Cola's revenue growth meet or exceed the consensus estimate of $12.2 billion?

Revenue growth is crucial for assessing the company's ability to capture market demand and maintain its competitive edge.

Can Coca-Cola achieve an EPS of $0.81 or better?

Earnings per share is a key indicator of profitability, and exceeding this estimate could signal strong operational performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Coca-Cola's ability to innovate and adapt to changing consumer preferences, particularly in healthier beverage options.

Supporting Evidence

Coca-Cola's recent product launches have shown strong initial sales, indicating potential for revenue growth.

The company's strong brand loyalty may help it weather competitive pressures better than anticipated.

Key Risk

If Coca-Cola's new product lines show significant traction, it could challenge the current consensus on revenue growth.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on Coca-Cola's ability to meet or exceed earnings expectations amid competitive pressures.

Bull Confirmed If

An EPS of $0.82 or higher would confirm strong demand and effective cost management.

Bear Confirmed If

An EPS below $0.79 would raise concerns about profitability and market share.

Pre-Earnings Positioning

Options Market

Implied Move

±2.97%

Historical Avg

±2.2%

Pricing rich

The options market is pricing in a nearly 3% move in either direction, suggesting that investors expect some volatility around the earnings announcement.

Options are pricing ±3.0% while KO has averaged ±2.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

16.7%

Calls (4.3M)P/C Ratio: 0.80Puts (3.4M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Coca-Cola beats expectations, history suggests the stock could rise by about 0.66% on the following day, confirming positive market sentiment.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further commentary from management.

Miss

A miss could lead to a decline, with historical patterns indicating an average drop of around 0.66% when expectations are not met.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

2 buys·0 sells

Members

House + Senate

Est. Notional

$16,002.00–$65,000.00

disclosed dollar ranges

Most Active Members

R-OKMarkwayne MullinSen.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on revenue growth in key markets, especially emerging economies.
2Any commentary on the performance of new product lines and health-focused beverages.
3Insights into cost management strategies and their impact on margins.
4Management's outlook on consumer trends and demand for non-alcoholic beverages.
5Details on marketing strategies aimed at boosting brand engagement.

See the full picture

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Company Snapshot

Key Metrics to Watch

EPS

Earnings per share (EPS) is a key indicator of profitability and helps investors gauge the company's financial health.

$0.81

Revenue

Revenue figures provide insight into the company's sales performance and market demand for its products.

$12.2B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+4.52%

Avg Stock Reaction

+1.20%

Last Quarter Recap

In Q4 2025, Coca-Cola reported an EPS of $0.58, slightly exceeding expectations. However, the stock saw a decline of 1.49% the following day, indicating mixed investor sentiment.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Coca-Cola can exceed EPS expectations and show strong revenue growth, it may signal robust demand and effective cost management, potentially boosting investor confidence.

Bear Case

Conversely, if the company fails to meet earnings expectations or shows signs of declining sales, it could raise concerns about market share and profitability, leading to a negative market reaction.

Key Metrics to Watch

EPS

$0.81

Earnings per share (EPS) is a key indicator of profitability and helps investors gauge the company's financial health.

Revenue

$12.2B

Revenue figures provide insight into the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Coca-Cola's revenue growth meet or exceed the consensus estimate of $12.2 billion?

Revenue growth is crucial for assessing the company's ability to capture market demand and maintain its competitive edge.

Can Coca-Cola achieve an EPS of $0.81 or better?

Earnings per share is a key indicator of profitability, and exceeding this estimate could signal strong operational performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Coca-Cola's ability to innovate and adapt to changing consumer preferences, particularly in healthier beverage options.

Supporting Evidence

Coca-Cola's recent product launches have shown strong initial sales, indicating potential for revenue growth.

The company's strong brand loyalty may help it weather competitive pressures better than anticipated.

Key Risk

If Coca-Cola's new product lines show significant traction, it could challenge the current consensus on revenue growth.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on Coca-Cola's ability to meet or exceed earnings expectations amid competitive pressures.

Bull Confirmed If

An EPS of $0.82 or higher would confirm strong demand and effective cost management.

Bear Confirmed If

An EPS below $0.79 would raise concerns about profitability and market share.

Pre-Earnings Positioning

Options Market

Implied Move

±2.97%

Historical Avg

±2.2%

Pricing rich

The options market is pricing in a nearly 3% move in either direction, suggesting that investors expect some volatility around the earnings announcement.

Options are pricing ±3.0% while KO has averaged ±2.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

16.7%

Calls (4.3M)P/C Ratio: 0.80Puts (3.4M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Coca-Cola beats expectations, history suggests the stock could rise by about 0.66% on the following day, confirming positive market sentiment.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further commentary from management.

Miss

A miss could lead to a decline, with historical patterns indicating an average drop of around 0.66% when expectations are not met.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

2 buys·0 sells

Members

House + Senate

Est. Notional

$16,002.00–$65,000.00

disclosed dollar ranges

Most Active Members

R-OKMarkwayne MullinSen.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on revenue growth in key markets, especially emerging economies.
2Any commentary on the performance of new product lines and health-focused beverages.
3Insights into cost management strategies and their impact on margins.
4Management's outlook on consumer trends and demand for non-alcoholic beverages.
5Details on marketing strategies aimed at boosting brand engagement.