Coca-Cola (KO) stock has inched lower ahead of the company’s Q3 earnings on Oct. 27, but the derivatives market isn’t particularly convinced that a near-term rally is likely. Consensus is for the beverage giant to report $0.87 in earnings per share (EPS) for its third financial quarter, which would represent about a 6.1% increase from last year.
Despite recent weakness, Coca-Cola shares have been a blockbuster investment in 2026, currently up about 35% versus the start of this year.