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Coca-Cola (KO) Gains But Lags Market: What You Should Know
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Coca-Cola (KO - Free Report) ended the recent trading session at $57.99, demonstrating a +0.66% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 1.03%. At the same time, the Dow added 0.87%, and the tech-heavy Nasdaq gained 1.26%.
Shares of the world's largest beverage maker witnessed a loss of 1.39% over the previous month, trailing the performance of the Consumer Staples sector with its gain of 1.52% and the S&P 500's gain of 3.01%.
The investment community will be paying close attention to the earnings performance of Coca-Cola in its upcoming release. The company is forecasted to report an EPS of $0.48, showcasing a 6.67% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $10.61 billion, up 4.76% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.68 per share and a revenue of $45.45 billion, indicating changes of +8.06% and +5.7%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Coca-Cola. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Coca-Cola holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Coca-Cola is currently exchanging hands at a Forward P/E ratio of 21.49. This signifies a premium in comparison to the average Forward P/E of 19.8 for its industry.
We can also see that KO currently has a PEG ratio of 3.46. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Beverages - Soft drinks industry was having an average PEG ratio of 2.32.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 20, this industry ranks in the top 8% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Coca-Cola (KO) Gains But Lags Market: What You Should Know
Coca-Cola (KO - Free Report) ended the recent trading session at $57.99, demonstrating a +0.66% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 1.03%. At the same time, the Dow added 0.87%, and the tech-heavy Nasdaq gained 1.26%.
Shares of the world's largest beverage maker witnessed a loss of 1.39% over the previous month, trailing the performance of the Consumer Staples sector with its gain of 1.52% and the S&P 500's gain of 3.01%.
The investment community will be paying close attention to the earnings performance of Coca-Cola in its upcoming release. The company is forecasted to report an EPS of $0.48, showcasing a 6.67% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $10.61 billion, up 4.76% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.68 per share and a revenue of $45.45 billion, indicating changes of +8.06% and +5.7%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Coca-Cola. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Coca-Cola holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Coca-Cola is currently exchanging hands at a Forward P/E ratio of 21.49. This signifies a premium in comparison to the average Forward P/E of 19.8 for its industry.
We can also see that KO currently has a PEG ratio of 3.46. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Beverages - Soft drinks industry was having an average PEG ratio of 2.32.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 20, this industry ranks in the top 8% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.