Coca-Cola (KO) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Coca-Cola (KO) reported $11.82 billion in revenue for the quarter ended December 2025, representing a year-over-year increase of 2.4%. EPS of $0.58 for the same period compares to $0.55 a year ago.The reported revenue represents a surprise of -1.95% over the Zacks Consensus Estimate of $12.05 billion. With the consensus EPS estimate being $0.57, the EPS surprise was +2.66%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how Coca-Cola performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:Net Operating Revenues- North America: $4.94 billion compared to the $4.91 billion average estimate based on four analysts. The reported number represents a change of +5.6% year over year.Net Operating Revenues- Latin America: $1.7 billion compared to the $1.69 billion average estimate based on four analysts. The reported number represents a change of +3.3% year over year.Net Operating Revenues- Asia Pacific: $1.14 billion compared to the $1.21 billion average estimate based on four analysts. The reported number represents a change of -6.3% year over year.Net Operating Revenues- Eliminations: $-201 million versus $-220.67 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -3.4% change.Net Operating Revenues- Bottling investments: $1.52 billion compared to the $1.63 billion average estimate based on four analysts. The reported number represents a change of -2.3% year over year.Net Operating Revenues- Europe, Middle East & Africa: $2.68 billion compared to the $2.75 billion average estimate based on four analysts. The reported number represents a change of +49.9% year over year.Net Operating Revenues- Corporate: $45 million compared to the $27.05 million average estimate based on three analysts. The reported number represents a change of +104.6% year over year.Operating Income- Europe, Middle East & Africa- Non-GAAP: $812 million versus $926.93 million estimated by four analysts on average.Operating Income- Bottling Investments- Non-GAAP: $192 million versus the four-analyst average estimate of $196.35 million.Operating Income- Corporate- Non-GAAP: $-777 million compared to the $-791.17 million average estimate based on four analysts.Operating income- North America- Non-GAAP: $1.38 billion versus $1.24 billion estimated by four analysts on average.Operating Income- Asia Pacific- Non-GAAP: $299 million versus $347.36 million estimated by four analysts on average.View all Key Company Metrics for Coca-Cola here>>>Shares of Coca-Cola have returned +10.6% over the past month versus the Zacks S&P 500 composite's no change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Just Released: Zacks Top 10 Stocks for 2026Hurry – you can still get in early on our 10 top tickers for 2026. Handpicked by Zacks Director of Research Sheraz Mian, this portfolio has been stunningly and consistently successful.From inception in 2012 through November, 2025, the Zacks Top 10 Stocks gained +2,530.8%, more than QUADRUPLING the S&P 500’s +570.3%.Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2026. You can still be among the first to see these just-released stocks with enormous potential.See New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CocaCola Company (The) (KO): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks