RPT-BUZZ-PREVIEW: Coca-Cola seen reporting 3.7% increase in Q3 rev, penny rise in EPS y/y

Reuters
10/21
RPT-BUZZ-PREVIEW: Coca-Cola seen reporting 3.7% increase in Q3 rev, penny rise in EPS y/y

Repeats with no changes to text

** Shares in Coca-Cola KO.N nearly flat on Monday in last session ahead of quarterly report

** Wall Street sees the soft-drink maker reporting Q3 adj EPS of $0.78 vs $0.77 in year-ago quarter on rev of $12.39 bln vs $11.95 bln year-ago according to latest data gathered by LSEG

** In last 8 quarters EPS and rev met or beat expectations every time

** On Oct 9 rival PepsiCo PEP.O had beat Wall Street expectations for Q3 rev, profit helped by steady demand for its snacks and sodas in key international markets, strength in healthier drinks in US

** KO last traded at $68.43 vs median PT of $78 as per LSEG, which shows 27 analyst ratings: 6 'strong buy,' 18 'buy,' and 3 'hold'

** YTD shares in KO up 9.9%, similar to the 9.8% gain for the Dow .DJI but ahead of the 3.6% gain for the S&P 500 consumer staples index .SPLRCS

(Reporting by Sinead Carew)

((sinead.carew@thomsonreuters.com))

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