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Coca-Cola (KO - Free Report) closed the most recent trading day at $58.75, moving +0.07% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.04%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq lost 0.03%.
Prior to today's trading, shares of the world's largest beverage maker had gained 0.82% over the past month. This has lagged the Consumer Staples sector's gain of 2.65% and the S&P 500's gain of 5.28% in that time.
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. Alongside, our most recent consensus estimate is anticipating revenue of $10.61 billion, indicating a 4.76% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.68 per share and revenue of $45.45 billion, indicating changes of +8.06% and +5.7%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Coca-Cola. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Coca-Cola is carrying a Zacks Rank of #2 (Buy).
Looking at its valuation, Coca-Cola is holding a Forward P/E ratio of 21.9. Its industry sports an average Forward P/E of 20.24, so one might conclude that Coca-Cola is trading at a premium comparatively.
Meanwhile, KO's PEG ratio is currently 3.52. 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. The Beverages - Soft drinks was holding an average PEG ratio of 2.5 at yesterday's closing price.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 16, placing it within the top 7% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow KO in the coming trading sessions, be sure to utilize Zacks.com.
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Coca-Cola (KO) Laps the Stock Market: Here's Why
Coca-Cola (KO - Free Report) closed the most recent trading day at $58.75, moving +0.07% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.04%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq lost 0.03%.
Prior to today's trading, shares of the world's largest beverage maker had gained 0.82% over the past month. This has lagged the Consumer Staples sector's gain of 2.65% and the S&P 500's gain of 5.28% in that time.
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. Alongside, our most recent consensus estimate is anticipating revenue of $10.61 billion, indicating a 4.76% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.68 per share and revenue of $45.45 billion, indicating changes of +8.06% and +5.7%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Coca-Cola. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Coca-Cola is carrying a Zacks Rank of #2 (Buy).
Looking at its valuation, Coca-Cola is holding a Forward P/E ratio of 21.9. Its industry sports an average Forward P/E of 20.24, so one might conclude that Coca-Cola is trading at a premium comparatively.
Meanwhile, KO's PEG ratio is currently 3.52. 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. The Beverages - Soft drinks was holding an average PEG ratio of 2.5 at yesterday's closing price.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 16, placing it within the top 7% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow KO in the coming trading sessions, be sure to utilize Zacks.com.