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Coca-Cola (KO) Stock Moves -0.89%: What You Should Know
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In the latest trading session, Coca-Cola (KO - Free Report) closed at $47.89, marking a -0.89% move from the previous day. This move was narrower than the S&P 500's daily loss of 1.54%. Meanwhile, the Dow lost 1.49%, and the Nasdaq, a tech-heavy index, lost 2.17%.
Heading into today, shares of the world's largest beverage maker had lost 2.15% over the past month, outpacing the Consumer Staples sector's loss of 6.34% and the S&P 500's loss of 6.77% in that time.
Wall Street will be looking for positivity from KO as it approaches its next earnings report date. This is expected to be February 15, 2019. In that report, analysts expect KO to post earnings of $0.42 per share. This would mark year-over-year growth of 7.69%. Meanwhile, our latest consensus estimate is calling for revenue of $7.06 billion, down 6.07% from the prior-year quarter.
KO's full-year Zacks Consensus Estimates are calling for earnings of $2.08 per share and revenue of $31.86 billion. These results would represent year-over-year changes of +8.9% and -10.04%, respectively.
Any recent changes to analyst estimates for KO should also be noted by investors. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. KO is currently a Zacks Rank #3 (Hold).
Digging into valuation, KO currently has a Forward P/E ratio of 23.23. This valuation marks a premium compared to its industry's average Forward P/E of 19.84.
Investors should also note that KO has a PEG ratio of 3.16 right now. 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 industry currently had an average PEG ratio of 2.3 as of yesterday's close.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 207, which puts it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks 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 Moves -0.89%: What You Should Know
In the latest trading session, Coca-Cola (KO - Free Report) closed at $47.89, marking a -0.89% move from the previous day. This move was narrower than the S&P 500's daily loss of 1.54%. Meanwhile, the Dow lost 1.49%, and the Nasdaq, a tech-heavy index, lost 2.17%.
Heading into today, shares of the world's largest beverage maker had lost 2.15% over the past month, outpacing the Consumer Staples sector's loss of 6.34% and the S&P 500's loss of 6.77% in that time.
Wall Street will be looking for positivity from KO as it approaches its next earnings report date. This is expected to be February 15, 2019. In that report, analysts expect KO to post earnings of $0.42 per share. This would mark year-over-year growth of 7.69%. Meanwhile, our latest consensus estimate is calling for revenue of $7.06 billion, down 6.07% from the prior-year quarter.
KO's full-year Zacks Consensus Estimates are calling for earnings of $2.08 per share and revenue of $31.86 billion. These results would represent year-over-year changes of +8.9% and -10.04%, respectively.
Any recent changes to analyst estimates for KO should also be noted by investors. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. KO is currently a Zacks Rank #3 (Hold).
Digging into valuation, KO currently has a Forward P/E ratio of 23.23. This valuation marks a premium compared to its industry's average Forward P/E of 19.84.
Investors should also note that KO has a PEG ratio of 3.16 right now. 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 industry currently had an average PEG ratio of 2.3 as of yesterday's close.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 207, which puts it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks 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.