Top Analyst Reports for Coca-Cola, Petrbras & Shopify
Friday, June 9, 2023
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including The Coca-Cola Company (KO), Petrleo Brasileiro S.A. - Petrobras (PBR) and Shopify Inc. (SHOP). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of todays research reports here >>>
Shares of Coca-Cola have gained +1.3% over the past year against the Zacks Beverages - Soft drinks industrys gain of +15.8%. The company returned to bottom line surprise trend after in line results in the prior quarter. Earnings and sales also improved year over year and surpassed our estimate in the quarter.
KOs results benefited from the continued momentum in its business. Sales gained from revenue growth across its operating segments, aided by an improved price/mix and a rise in concentrate sales. It is poised to gain from innovations and accelerating digital investments.