Coca-Cola is expected to report quarterly results before the market opens on Tuesday. Based on LSEG consensus estimates, analysts expect earnings per share of 88 cents and revenue of $12.92 billion. Coke executives say shoppers remain under pressure from inflation and economic uncertainty, yet consumers are still buying premium brands such as Fairlife and its namesake soda. Rival PepsiCo cut its full-year earnings forecast in October as demand in its home market lagged, while Coke recently won the U.S. business of KFC, a longtime Pepsi customer. For the full year, Coke projects comparable EPS growth of 9% to 10% and organic revenue growth of about 5%. Its shares have climbed about 32% this year, outpacing the S&P 500's gain of around 12%, and the company has a market cap of roughly $398 billion.
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