Coca-Cola reported solid earnings as Orbex's Market Stategist expected!
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David Kindley, Market Strategist at Orbex, some time ago, before today's earnings of KO, was asked about its earnings expectations. It seems, that he was right - check out what did he say to FXMAG.COM then!
FXMAG.COM: Q4 2022 and full year 2022 results are reported by Warren Buffett's favorite company Coca-Cola on Tuesday, February 14th - will it meet market expectations?
David Kindley (Orbex): We saw Coca-Cola's (KO) main rival Pepsi reporting solid earnings for Q4, so of course investors will now be looking very closely at Coca-Cola's earnings this Tuesday. Coca-Cola's Q4 projected are at $0.45 per share, which would be on par with Q4 2021. We do expect solid quarterly sales though, at a projected $10.01 billion, which would mark a 6% increase from the 2021’s Q4. On a yearly basis, sales are expected to increase by a whopping 11% in total for 2022! Overall, we expect some very solid earnings for consumer-staple KO, so I would not expect Buffet’s love for Coca-Cola to wane anytime soon.
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