Coca-Cola: time for new all-time highs?

Coca-Cola: time for new all-time highs?

2021-04-12 • Updated

Coca-Cola reports its quarterly earnings for the first quarter of 2021 on April 19, 12:30 MT time.

All-time highs to get beaten?

Coca-Cola’s stock hasn’t recovered from the virus hit. From the current level it trades at, it has more than 10% of potential value growth to surpass its last all-time high of $60. Will it make it? Let’s look at the fundamentals.

COCA-COLAWeekly2.png

                          Don't forget Coca-Cola stock is available in FBS Trader!

Reasonably high expectations

Strategically, the main factor on the side of Coca-Cola is its history-proven robustness and vastness of the business. It has survived 135 years in operation, and will likely survive as much. Therefore, for long-term trading, it’s ideal. Now, what about the mid-term and short-term – perspectives that are most useful to trade the coming quarterly report?

In 2019, there was an indication of a very strong demand for the company products that pushed its sales 6%. In 2020, as most of the revenue used to come from outside venues that got closed under virus restrictions, sales fell 9%. The first quarter of 2021, however, is when the reopening process started unrolling in most parts of the globe. Therefore, while it’s pretty difficult to predict that the actuals figures will be for Q1’2021, they will be very indicative of the dynamic that may set the trend for the entire year.

So far, Coca-Cola’s dividend yield is 3.2% which is way more than the S&P 500’s 1.5%. During the entire 2020, it's been consistently beating the EPS expectations against all odds of the virus-torn business environment. The expected EPS for Q1'2021 is $0.5.

1.png

Source: nasdaq.com

During the previous quarter’s earnings report, Coca-Cola's CFO expressed confidence that the performance of 2021 will be equally good or stronger than that of 2019. That makes the stock price of $60 adn the EPS of $0.5 a very achievable target - if the report confirms that statement and possibly beats the market’s expectations.

                                                                                        LOG IN

Similar

Time to Short US Economy
Time to Short US Economy

Why? Despite the fact that analysts and experts have been predicting the US stock market crash during pash year S&P500 doubled since March 2020 crush and NASDAQ is also gaining permanently…

Latest news

AUD: Markets Prepare for RBA Rates Statement.
AUD: Markets Prepare for RBA Rates Statement.

The Reserve Bank of Australia (RBA) is widely anticipated to maintain its current interest rates at 4.35% following its two-day meeting concluding on Tuesday. Despite holding rates steady since December, the RBA has hinted at the possibility of further rate hikes due to persistently high inflation, which has exceeded its target range of 2% to 3%.

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera