Post-earnings recap
Reported
Tue, Jul 28, 2026
EPS actual
$0.97
EPS est.
$0.92
EPS surprise
+5.43%
1-day move
+5.00%
Coca-Cola's earnings report showed a positive surprise in EPS, leading to a 5% increase in stock price. This suggests that investors reacted favorably to the company's performance in the quarter, despite the lack of revenue data and management commentary. The strong EPS performance may indicate effective cost management or improved sales in certain segments.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $0.97 | N/A | +5.43% |
| Revenue | N/A | N/A | N/A |
No transcript is on record, and the analysis is based solely on numerical results.
The Coca-Cola Company (KO) is a leading global beverage company known for its soft drinks and non-alcoholic beverages. Operating in the consumer staples sector, Coca-Cola plays a crucial role in the beverage market, responding to trends in consumer preferences and health awareness.
Last quarter
In Q1 2026, Coca-Cola reported an EPS of $0.86, exceeding expectations by 6.3%. The stock reacted positively, gaining 3.86% the following day.
Management promises and guidance
EPS beat streak
8Q
EPS beat rate
100%
Avg EPS surprise
+4.61%
Avg 1-day reaction
+1.78%
Overall, expectations are mixed as Coca-Cola has a strong history of beating EPS estimates, but concerns about revenue growth persist.
Bull case
If Coca-Cola continues to innovate and capture market share, it could see robust revenue growth and maintain its strong EPS performance.
Bear case
Conversely, if the company fails to adapt to changing consumer preferences, it may struggle to maintain its growth trajectory.
The print will turn on these.
Q1
What will the revenue growth rate be in key markets?
Revenue growth is crucial for Coca-Cola's long-term viability, especially in a competitive beverage landscape.
Q2
How is Coca-Cola addressing health trends in its product lineup?
Consumer preferences are shifting towards healthier options, and Coca-Cola's response could impact its market position.
—
Est. EPS
—
Est. Rev
—
Impl. Move
±3.5%
Why consensus could be wrong
The Street may underestimate Coca-Cola's ability to innovate and capture health-conscious consumers, leading to stronger-than-expected revenue growth.
Supporting evidence
Coca-Cola's history of beating EPS estimates suggests resilience in performance.
The company's commitment to sustainability could resonate with consumers, driving sales.
Options pricing indicates higher volatility, reflecting potential for significant movement.
Key risk
If Coca-Cola demonstrates strong revenue growth in health-oriented products, it could challenge current bearish sentiment.
Pre-commit to what would confirm each case.
This quarter's performance hinges on Coca-Cola's ability to adapt to market changes and drive revenue growth.
Bull confirmed if
Revenue growth of 5% or more in key markets would confirm the bull case.
Bear confirmed if
A decline in market share or negative commentary on health trends would confirm the bear case.
What the market is pricing for the move.
Implied Move
±7.56%
Historical Avg
±2.8%
The options market is pricing in a significant move, suggesting that investors are anticipating volatility around the earnings report.
Options are pricing ±7.6% while KO has averaged ±2.8% over the last 8 prints — setup is pricing rich.
ATM IV
0.2%
30d HV
18.5%
Smart-money positioning from the most recent 13F filings.
Institutional
68.17%
of float
Insider
9.90%
of float
Holders
4,623
institutions
Top Holders· as of Jun 2026
Berkshire Hathaway, Inc
400,000,000 sh · $34.3B
9.30%
Flat
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Coca-Cola beats expectations and raises guidance, history suggests a potential stock increase of around 1.20%.
In line / cautious
If results are in line with expectations but management is cautious, the stock may experience muted movement.
Miss
A miss on earnings could lead to a decline, with historical patterns suggesting a drop of around 1.20%.
House and Senate STOCK Act disclosures over the trailing 6 months.
Trades
3
2 buys·1 sell
Members
3
House + Senate
Est. Notional
$3,003.00–$45,000.00
disclosed dollar ranges
Most Active Members
1 trade
The lines on the call that would change the story.
Blackrock Inc.
322,740,471 sh · $27.7B
7.50%
-3.3%
Vanguard Capital Management LLC
238,798,011 sh · $20.5B
5.55%
0.6%
State Street Corporation
167,399,379 sh · $14.4B
3.89%
0.1%
FMR, LLC
109,159,806 sh · $9.4B
2.54%
1.5%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.
Net buying
1 trade
Net selling
1 trade
Net buying
Recent Transactions
Traded Aug 31, 2026 · disclosed Sep 25, 2026
$1,001.00–$15,000.00
Traded Jul 21, 2026 · disclosed Aug 4, 2026
$1,001.00–$15,000.00
Traded Jul 1, 2026 · disclosed Aug 5, 2026
$1,001.00–$15,000.00
Filed 30–45+ days after the trade. Treat as positional context, not a leading indicator. Amounts are SEC-mandated dollar ranges, not exact values.