Coca-Cola Prepares for Q3 Earnings Report as Costa Coffee Sale Explored
Coca-Cola Company (NYSE:KO) is preparing to release its third-quarter financial report on Oct. 27, with market participants expecting earnings of approximately $0.88 per share on roughly $12.9 billion in revenue. Alongside the upcoming earnings report, the beverage maker is evaluating a potential renewed effort to sell its Costa Coffee unit, which it originally bought in 2018 for about $5.1 billion after an earlier attempt to sell the brand stalled between 2025 and 2026.
The developments come as financial analysts set price targets for the business in the mid-to-upper $90s. Market projections indicate that shifts in U.S. beverage market share away from competitors like PepsiCo could position Coca-Cola Company as a key beneficiary in the domestic market, providing potential tailwinds for growth despite previous delays in divestment efforts.
Investors will look toward the Oct. 27 earnings report for official confirmation of quarterly performance figures and management guidance. Key focus areas will also include any disclosures regarding the timing, valuation, or structure of a potential Costa Coffee divestment.
Key points
- Coca-Cola Company plans to release its third-quarter financial results on Oct. 27.
- Market estimates project quarterly earnings of around $0.88 per share on revenue near $12.9 billion.
- Analysts have set price targets for the stock in the mid-to-upper $90 range.
- The company is considering restarting the sale process for Costa Coffee, acquired in 2018 for $5.1 billion.
- Projected shifts in U.S. beverage market share could favor Coca-Cola Company over rivals.
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When does Coca-Cola report its Q3 earnings?
Coca-Cola Company is scheduled to report its third-quarter results on Oct. 27. Market estimates expect earnings per share of approximately $0.88 on revenue of around $12.9 billion.
Is Coca-Cola selling Costa Coffee?
Coca-Cola Company is exploring a renewed sale of Costa Coffee, which it purchased in 2018 for approximately $5.1 billion. A prior attempt to sell the coffee business between 2025 and 2026 had stalled, and no official price or comment has been disclosed.
What are analysts predicting for Coca-Cola stock?
Analysts have established price targets in the mid-to-upper $90s ahead of the quarterly report, noting that Coca-Cola Company could benefit from market share shifts in the U.S. beverage sector.