Coca-Cola (KO) reported $11.13 billion in revenue for the quarter ended March 2025, representing a year-over-year decline of 1.5%. EPS of $0.73 for the same period compares to $0.72 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $11.12 billion, representing a surprise of +0.10%. The company delivered an EPS surprise of +2.82%, with the consensus EPS estimate being $0.71.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Coca-Cola performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Net Operating Revenue- North America: $4.36 billion versus $4.34 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +4.5% change.
• Net Operating Revenue- Latin America: $1.48 billion versus $1.47 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -3.3% change.
• Net Operating Revenue- Asia Pacific: $1.42 billion versus the five-analyst average estimate of $1.43 billion. The reported number represents a year-over-year change of -3.3%.
• Net Operating Revenue- Bottling investments: $1.46 billion versus $1.60 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -19.5% change.
• Net Operating Revenues- Europe, Middle East & Africa: $2.66 billion versus the five-analyst average estimate of $2.27 billion. The reported number represents a year-over-year change of +34.7%.
• Net Operating Revenues- Eliminations: -$276 million versus -$325.86 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -33.8% change.
• Net Operating Revenue- Corporate: $26 million compared to the $26.85 million average estimate based on three analysts. The reported number represents a change of -3.7% year over year.
• Operating Income- Europe, Middle East & Africa- Non-GAAP: $1.08 billion versus $1.04 billion estimated by four analysts on average.
• Operating Income- Latin America- Non-GAAP: $952 million compared to the $881.48 million average estimate based on four analysts.
• Operating Income- Asia Pacific- Non-GAAP: $644 million versus $632.58 million estimated by four analysts on average.
• Operating income- North America- Non-GAAP: $1.31 billion compared to the $1.23 billion average estimate based on four analysts.
• Operating Income- Corporate- Non-GAAP: -$321 million versus -$320.96 million estimated by three analysts on average.

View all Key Company Metrics for Coca-Cola here>>>

Shares of Coca-Cola have returned +0.2% over the past month versus the Zacks S&P 500 composite's -0.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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