Beverage giant Coca-Cola (KO) is scheduled to report its second-quarter earnings on Tuesday, July 22. KO stock has risen 12% year-to-date, as investors believe in its resilience, solid brand name, pricing power, and the ability to navigate ongoing macro and tariff challenges. Wall Street expects Coca-Cola to report Q2 earnings per share (EPS) of $0.83, reflecting a 1.2% year-over-year decline.
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Meanwhile, the soda drinks maker is expected to report revenue of $12.55 billion, indicating a 1.5% growth over the prior-year quarter.
Analysts’ Views Ahead of Coca-Cola’s Q2 Earnings
Heading into the Q2 results, Morgan Stanley analyst Dara Mohsenian reiterated a Buy rating on Coca-Cola stock with a price target of $81. The 5-star analyst called KO stock a Top Pick, citing near-term trading upside and long-term strength.
Mohsenian sees short-term earnings upside for Coca-Cola, Keurig Dr Pepper (KDP), Philip Morris (PM), and Monster Beverage (MNST), as he believes that these companies offer sustained operating sales growth that is not yet priced into their valuations. He believes that Coca-Cola and other multinationals are well-positioned to benefit from their international pricing power, forex tailwinds from a weaker dollar, and greater balance of power compared to retailers amid rising tariffs. Mohsenian likes Coca-Cola for the expected upside in its EPS and resilience in a tough macro and consumer packaged goods (CPG) landscape.
Likewise, Piper Sandler analyst Mike Lavery is also bullish on Coca-Cola stock and reiterated a Buy rating with a price target of $80. The 4-star analyst called KO a “Top Quality Name,” with its full-year outlook on track. Lavery continues to believe in Coca-Cola’s global revenue growth momentum, driven primarily by international markets. However, the analyst trimmed his Q2 North America organic sales growth estimate from 6.0% to 2.5% to better align with the 2.8% measured retail sales growth in the U.S.
The analyst also trimmed his Q3 North America organic sales growth estimate by about 3 percentage points to better align with current momentum. Lavery expects Coca-Cola’s Sprite + Tea innovation to be a meaningful contributor to growth. The analyst maintained his 2025 EPS estimate at $2.96 and raised the 2026 EPS estimate from $3.19 to $3.21.
AI Analyst Is Bullish on Coca-Cola Stock
TipRanks’ AI stock analysis reflects an Outperform rating on Coca-Cola stock with a price target of $78, reflecting an 11.7% upside potential. The AI analyst rating is based on strong financial performance, solid margins, and strategic growth initiatives. However, AI analysis highlighted certain concerns, such as elevated valuation and negative cash flow.
Here’s What Options Traders Anticipate Ahead of KO’s Q2 Earnings
Using TipRanks’ Options tool, we can see what options traders are expecting from the stock immediately after its earnings report. The expected earnings move is determined by calculating the at-the-money straddle of the options closest to expiration after the earnings announcement. If this sounds complicated, don’t worry, the Options tool does this for you.
Indeed, it currently says that options traders are expecting about a 2.82% move in either direction in Coca-Cola stock in reaction to Q2 results.
Is KO a Good Stock to Buy?
Currently, Wall Street has a Strong Buy consensus rating on Coca-Cola stock based on 15 Buys and one Hold recommendation. The average KO stock price target of $79.36 indicates 13.6% upside potential from current levels.
