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Beverage company Coca-Cola (NYSE:KO) will be announcing earnings results this Tuesday morning. Here’s what investors should know.

Coca-Cola met analysts’ revenue expectations last quarter, reporting revenues of $12.41 billion, up 3.9% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ organic revenue estimates.

Is Coca-Cola a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Coca-Cola’s revenue to grow 5.2% year on year to $12 billion, improving from the 4.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.56 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Coca-Cola has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 2.6% on average.

Looking at Coca-Cola’s peers in the beverages, alcohol, and tobacco segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Constellation Brands’s revenues decreased 9.8% year on year, beating analysts’ expectations by 2.9%, and Altria reported flat revenue, topping estimates by 1.1%. Constellation Brands traded up 5.3% following the results while Altria was down 1.8%.

Read our full analysis of Constellation Brands’s results here and Altria’s results here.

There has been positive sentiment among investors in the beverages, alcohol, and tobacco segment, with share prices up 7.4% on average over the last month. Coca-Cola is up 11.8% during the same time and is heading into earnings with an average analyst price target of $79.45 (compared to the current share price of $78.92).

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