Coca-Cola (KO) reports its Q1 '18 financial results before the market open on Tuesday, April 24, 2018 with Street consensus expecting $0.46 in EPS on $7.3 billion in revenue for expected year-over-year growth of 7% and -20% respectively.
The 20% decline in revenue is misleading since Coke divested the bottling operations in early 2017, and thus investors have to look to organic revenue growth for adjusted numbers.
Coke management guided to 4% organic revenue growth for all of 2018, which is likely a reasonable estimate since KO generated 6% organic revenue growth in Q4 '17, after 3% organic revenue growth in the middle quarters of 2017, and 6% in Q1 '17.
Without rewriting "War & Peace" for Seeking Alpha readers, here is the bottom line for Coke as we head into earnings:
