What is Zacks Research’s Estimate for CocaCola Q2 Earnings?

CocaCola Company (The) (NYSE:KO) – Analysts at Zacks Research lifted their Q2 2026 earnings per share (EPS) estimates for shares of CocaCola in a report issued on Tuesday, February 24th. Zacks Research analyst Team now anticipates that the company will earn $0.93 per share for the quarter, up from their previous estimate of $0.92. The consensus estimate for CocaCola’s current full-year earnings is $2.96 per share. Zacks Research also issued estimates for CocaCola’s FY2026 earnings at $3.23 EPS, Q1 2027 earnings at $0.88 EPS, Q2 2027 earnings at $1.01 EPS, FY2027 earnings at $3.47 EPS and FY2028 earnings at $3.75 EPS.

CocaCola (NYSE:KO) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. The business had revenue of $11.82 billion during the quarter, compared to analysts’ expectations of $12.04 billion. CocaCola had a net margin of 27.34% and a return on equity of 41.31%. CocaCola’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.55 earnings per share. CocaCola has set its FY 2026 guidance at 3.210-3.240 EPS.

A number of other research analysts have also recently issued reports on KO. Evercore reissued an “outperform” rating and issued a $85.00 price objective on shares of CocaCola in a research note on Wednesday, February 11th. TD Cowen reaffirmed a “buy” rating on shares of CocaCola in a research note on Wednesday, February 11th. Truist Financial set a $85.00 target price on CocaCola in a research note on Wednesday, February 11th. Morgan Stanley restated an “overweight” rating and issued a $87.00 price target on shares of CocaCola in a research note on Wednesday, February 11th. Finally, Jefferies Financial Group lowered their price objective on shares of CocaCola from $88.00 to $87.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $84.33.

CocaCola Price Performance

Shares of NYSE:KO opened at $80.48 on Thursday. The firm has a 50 day moving average of $73.80 and a 200-day moving average of $70.74. CocaCola has a 12 month low of $65.35 and a 12 month high of $81.09. The company has a current ratio of 1.46, a quick ratio of 1.25 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $346.12 billion, a PE ratio of 26.47, a PEG ratio of 3.37 and a beta of 0.36.

CocaCola Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.6%. This is an increase from CocaCola’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Friday, March 13th. CocaCola’s payout ratio is presently 67.11%.

Insider Buying and Selling at CocaCola

In other news, CEO James Quincey sold 337,824 shares of the stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $77.10, for a total transaction of $26,046,230.40. Following the transaction, the chief executive officer owned 342,546 shares of the company’s stock, valued at $26,410,296.60. This represents a 49.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.97% of the company’s stock.

Institutional Investors Weigh In On CocaCola

A number of institutional investors and hedge funds have recently made changes to their positions in KO. Vanguard Group Inc. increased its stake in shares of CocaCola by 1.7% during the second quarter. Vanguard Group Inc. now owns 367,441,971 shares of the company’s stock worth $25,996,519,000 after purchasing an additional 6,241,163 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in CocaCola by 2.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,051,957 shares of the company’s stock valued at $136,086,000 after acquiring an additional 57,407 shares in the last quarter. Nicola Wealth Management LTD. raised its holdings in CocaCola by 42.3% in the 3rd quarter. Nicola Wealth Management LTD. now owns 185,000 shares of the company’s stock valued at $12,269,000 after acquiring an additional 55,000 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in CocaCola by 1.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,408,798 shares of the company’s stock worth $690,311,000 after purchasing an additional 198,886 shares in the last quarter. Finally, Yeomans Consulting Group Inc. lifted its stake in CocaCola by 88.9% in the 3rd quarter. Yeomans Consulting Group Inc. now owns 69,020 shares of the company’s stock worth $4,609,000 after purchasing an additional 32,478 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Key Stories Impacting CocaCola

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Zacks Research raised several quarterly and annual EPS forecasts for KO (Q1/Q2 2026–2027 and FY2026–FY2028), lifting FY2027 and FY2028 estimates and nudging nearer‑term quarter estimates higher — a direct fundamental reason for positive sentiment around earnings power and forward profitability. Read More.
• Neutral Sentiment: Citi conference participation: CFO John Murphy will present at the Citi Global Consumer & Retail Conference on March 9, providing investors live access to management commentary and an earnings‑cycle update (could clarify strategy and outlook but is informational rather than catalytic). Read More.
• Neutral Sentiment: Operational / strategic moves: Coca‑Cola is pausing U.S. availability of Topo Chico temporarily for production upgrades while promoting BodyArmor as the official NCAA March Madness sports drink and preparing a CEO transition — mixed near‑term supply disruption vs. marketing/brand gains and leadership change. Read More.
• Neutral Sentiment: Industry context & comparisons: Analyst pieces weighing PepsiCo vs. Coca‑Cola and coverage of Keurig Dr Pepper’s plans provide sector framing — useful for relative valuation and positioning but not company‑specific catalysts. Read More.
• Negative Sentiment: Short interest rose sharply in February — shorted shares increased ~21.5% to ~41.2M (about 1.0% of float) with a ~1.8 days‑to‑cover — that can pressure sentiment and amplify downside on weak news or earnings. Data source: Market data

About CocaCola

The Coca‑Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca‑Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready‑to‑drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca‑Cola’s brand portfolio includes widely recognized names such as Coca‑Cola, Diet Coke, Coca‑Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.