02:59 PM EDT, 07/16/2024 (MT Newswires) -- Coca-Cola (KO) will likely post "solid" Q2 results next week as it benefits from "best in-class" organic growth, UBS said in an earnings preview emailed Tuesday.

The firm said it expected the company to book $0.79 in Q2 earnings per share. Analysts polled by Capital IQ expect EPS normalized of $0.81.

UBS also expects the company to follow its recent historical pattern of increasing organic revenue and EPS growth guidance after it posts its Q2 results.

The firm said it expects Coca-Cola to achieve 8.9% in organic revenue growth, in line with consensus and at the high end of the company's guidance of 8% to 9%.

UBS added that it does not think the "bar has shifted" for the company in the context of a more challenged Q2 for rival PepsiCo ( PEP ) . Instead, the firm said that global beverage volume performance and pricing in North America were either in line or better than expected.

UBS has a buy rating on the company's stock with a price target of $74.

Price: 64.07, Change: +0.66, Percent Change: +1.03