Coca-Cola (KO) is scheduled to report Q1 2026 results on Tuesday, April 28. With a 2.8% dividend yield and rising demand for defensive stocks as gasoline tops $3.50 and Treasury yields hold at 4.3%, Coca‑Cola remains a high‑conviction defensive pick heading into earnings.
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What Are the Earnings Expectations for Coca‑Cola in Q1 2026?
Currently, Wall Street analysts expect Coca-Cola to post revenue of $12.24 billion in Q1, up from $11.16 billion in the year-ago quarter, and continued organic sales growth driven by both volume and pricing. Further, the company is expected to report earnings of $0.81 per share, compared with earnings of $0.73 in the prior-year quarter.
The company is benefiting from strong pricing power, a globally trusted brand, and a diversified product lineup. Its 64‑year streak of dividend increases is backed by solid cash reserves. Further, Coca‑Cola is boosting visibility through major campaigns like America250, which could help support demand through 2026.
Importantly, this will be the first earnings call under new CEO Henrique Braun, with investors watching for early strategic signals.
JPMorgan: “Overweight,” $83 Price Target, and a Slightly Above‑Consensus Quarter
JPMorgan analyst Andrea Teixeira reiterated a Buy rating and $83 price target ahead of the results. Teixeira trimmed estimates slightly but still expects Coca‑Cola to outperform consensus:
- 1Q26 EPS estimate lowered by a penny to $0.82, still +1.8% above the Street’s $0.81
- Organic sales growth (OSG) estimate nudged down to +7.3% from +7.5%
- EBIT margin estimate adjusted to 34.9% from 35.1%
Overall, Teixeira’s view lines up with what most analysts are saying: expectations are steady, the setup looks straightforward, and Coca‑Cola’s pricing power remains strong.
Is KO Stock a Good Buy Right Now?
Turning to Wall Street, analysts have a Strong Buy consensus rating on Coca‑Cola stock based on 14 Buys and one Hold assigned in the past three months. Further, the average KO stock price target of $85.64 per share implies 11.76% upside potential.
