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Coca-Cola (KO) Stock Dips While Market Gains: Key Facts
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The latest trading session saw Coca-Cola (KO - Free Report) ending at $71.80, denoting a -0.42% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.03%. At the same time, the Dow lost 0.04%, and the tech-heavy Nasdaq gained 0.2%.
Heading into today, shares of the world's largest beverage maker had gained 4.52% over the past month, outpacing the Consumer Staples sector's gain of 4.12% and the S&P 500's gain of 1.54% in that time.
The upcoming earnings release of Coca-Cola will be of great interest to investors. The company is forecasted to report an EPS of $0.75, showcasing a 1.35% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $11.65 billion, down 2.56% from the year-ago period.
KO's full-year Zacks Consensus Estimates are calling for earnings of $2.85 per share and revenue of $46.03 billion. These results would represent year-over-year changes of +5.95% and +0.61%, respectively.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Coca-Cola. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.03% rise in the Zacks Consensus EPS estimate. Coca-Cola is currently a Zacks Rank #2 (Buy).
From a valuation perspective, Coca-Cola is currently exchanging hands at a Forward P/E ratio of 25.31. Its industry sports an average Forward P/E of 19.41, so one might conclude that Coca-Cola is trading at a premium comparatively.
It is also worth noting that KO currently has a PEG ratio of 3.99. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Beverages - Soft drinks industry currently had an average PEG ratio of 2.93 as of yesterday's close.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 158, putting it in the bottom 38% of all 250+ industries.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Coca-Cola (KO) Stock Dips While Market Gains: Key Facts
The latest trading session saw Coca-Cola (KO - Free Report) ending at $71.80, denoting a -0.42% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.03%. At the same time, the Dow lost 0.04%, and the tech-heavy Nasdaq gained 0.2%.
Heading into today, shares of the world's largest beverage maker had gained 4.52% over the past month, outpacing the Consumer Staples sector's gain of 4.12% and the S&P 500's gain of 1.54% in that time.
The upcoming earnings release of Coca-Cola will be of great interest to investors. The company is forecasted to report an EPS of $0.75, showcasing a 1.35% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $11.65 billion, down 2.56% from the year-ago period.
KO's full-year Zacks Consensus Estimates are calling for earnings of $2.85 per share and revenue of $46.03 billion. These results would represent year-over-year changes of +5.95% and +0.61%, respectively.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Coca-Cola. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.03% rise in the Zacks Consensus EPS estimate. Coca-Cola is currently a Zacks Rank #2 (Buy).
From a valuation perspective, Coca-Cola is currently exchanging hands at a Forward P/E ratio of 25.31. Its industry sports an average Forward P/E of 19.41, so one might conclude that Coca-Cola is trading at a premium comparatively.
It is also worth noting that KO currently has a PEG ratio of 3.99. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Beverages - Soft drinks industry currently had an average PEG ratio of 2.93 as of yesterday's close.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 158, putting it in the bottom 38% of all 250+ industries.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.