US earnings preview: Coca-Cola, Lyft and Cisco
We are coming towards the end of the first US earnings season of the year. However, there’s still a few large companies yet to report, including Coca-Cola, Lyft and Cisco.
Coca-Cola is expected to record stronger sales and profit growth in the fourth quarter (Q4) with analysts forecasting EPS to increase 4 cents to 49 cents. Net income is seen as advancing 10% while revenue is expected to rise by 7% to around $10.8 billion. IGTV’s Angela Barnes has this round-up.
(AI Video Summary)
Coca-Cola
This week, a few companies are going to announce how well they did in the last three months of the year in the US. One of them is Coca-Cola, and it is expected to say that it has made more money and grown more. They are projected to have made $10.76 billion in revenue, 49 cents per share in profits, and $2.15 billion in net income. People who watch the market closely will also be looking to see how Coca-Cola does in the future. They want to find out if people are still buying their products even though the prices have gone up because of inflation. Coca-Cola's stock prices have fallen by 7.4 percent, but overall, they have gone up by 8.5 percent in the year.
Airbnb
On Tuesday, we are also going to find out how well Airbnb did in the last three months of the year. Analysts are predicting that Airbnb made 69 cents per share in profits and $2.16 billion in revenue. That would mean that they made 13.5 percent more money compared to the same three months in the previous year. Airbnb's stock prices have gone down by 2.09 percent before the announcement, but since the beginning of the year, they have gone up by 8.5 percent.
Lyft
Another company we are going to hear from is Lyft. Their earnings report is going to come out on Tuesday after the market closes. Lyft is projected to have made $1.22 billion in revenue, which would be a 3.6 percent increase compared to last year. However, they might have had to spend more money on operating costs because of higher oil prices. Lyft's stock prices have gone up by almost 2 percent in the year, but overall, they have gone down by around 18 percent.
Coca-Cola, Airbnb, and Lyf
To sum it up, investors and market watchers are going to be looking at the earnings reports from Coca-Cola, Airbnb, and Lyft to see how well they did. They want to know if these companies are doing good and have potential for more growth in the future.
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