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MarketScreener Homepage  >  Equities  >  Nyse  >  The Coca-Cola Company    KO

THE COCA-COLA COMPANY

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Coca Cola : Withdraws 2020 Guidance Over Covid-19 Worries

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03/20/2020 | 08:38am EDT

By Matt Grossman

 

The Coca-Cola Co. said Friday that it is likely to miss its previously stated earnings guidance for 2020 as the Covid-19 pandemic disrupts global markets.

The Atlanta-based beverage giant said that restaurant closures, sports cancellations and reduced travel will all cut into demand for its drinks.

In late February, Coca-Cola warned that the pandemic could hurt business in the first quarter, but the company stood behind previous guidance for the full year. That guidance had estimated earnings of $2.25 a share and organic revenue growth of 5% for 2020.

Coca-Cola said Friday that the new coronavirus could now cause a material change from that forecast, but added that economic upheaval prevents a reasonable estimate of the full effects.

The company added that it doesn't expect disruptions to its provision of soft-drink ingredients to its bottlers.

 

Write to Matt Grossman at matt.grossman@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
THE COCA-COLA COMPANY -0.87% 46.68 Delayed Quote.-15.66%
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Financials (USD)
Sales 2020 33 231 M - -
Net income 2020 7 847 M - -
Net Debt 2020 31 833 M - -
P/E ratio 2020 24,4x
Yield 2020 3,52%
Capitalization 200 B 200 B -
EV / Sales 2019
EV / Sales 2020 6,99x
Nbr of Employees 86 200
Free-Float 60,6%
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Technical analysis trends THE COCA-COLA COMPANY
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Income Statement Evolution
Consensus
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Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 51,95 $
Last Close Price 46,68 $
Spread / Highest target 22,1%
Spread / Average Target 11,3%
Spread / Lowest Target -1,46%
EPS Revisions
Managers
NameTitle
James Quincey Chairman & Chief Executive Officer
Brian John S. Smith President & Chief Operating Officer
John Murphy Chief Financial Officer & Executive Vice President
Nancy W. Quan Chief Technology Officer & Senior Vice President
Wamwari Waichungo Vice President-Scientific & Regulatory Affairs
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