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Coca-Cola FEMSA (KOF) Dips More Than Broader Markets: What You Should Know
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Coca-Cola FEMSA (KOF - Free Report) closed at $67.88 in the latest trading session, marking a -1.72% move from the prior day. This change lagged the S&P 500's 0.25% loss on the day. At the same time, the Dow lost 0.22%, and the tech-heavy Nasdaq gained 5.91%.
Prior to today's trading, shares of the bottling company had gained 0.57% over the past month. This has lagged the Consumer Staples sector's gain of 1.31% and outpaced the S&P 500's loss of 2.59% in that time.
Coca-Cola FEMSA will be looking to display strength as it nears its next earnings release. On that day, Coca-Cola FEMSA is projected to report earnings of $1.04 per share, which would represent a year-over-year decline of 22.39%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.89 billion, up 12.77% from the year-ago period.
KOF's full-year Zacks Consensus Estimates are calling for earnings of $3.92 per share and revenue of $11.05 billion. These results would represent year-over-year changes of +6.23% and +15.58%, respectively.
Investors might also notice recent changes to analyst estimates for Coca-Cola FEMSA. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Coca-Cola FEMSA is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Coca-Cola FEMSA is currently trading at a Forward P/E ratio of 17.64. This represents a discount compared to its industry's average Forward P/E of 25.78.
It is also worth noting that KOF currently has a PEG ratio of 1.72. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Beverages - Soft drinks stocks are, on average, holding a PEG ratio of 3.2 based on yesterday's closing prices.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 48, putting it in the top 20% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Coca-Cola FEMSA (KOF) Dips More Than Broader Markets: What You Should Know
Coca-Cola FEMSA (KOF - Free Report) closed at $67.88 in the latest trading session, marking a -1.72% move from the prior day. This change lagged the S&P 500's 0.25% loss on the day. At the same time, the Dow lost 0.22%, and the tech-heavy Nasdaq gained 5.91%.
Prior to today's trading, shares of the bottling company had gained 0.57% over the past month. This has lagged the Consumer Staples sector's gain of 1.31% and outpaced the S&P 500's loss of 2.59% in that time.
Coca-Cola FEMSA will be looking to display strength as it nears its next earnings release. On that day, Coca-Cola FEMSA is projected to report earnings of $1.04 per share, which would represent a year-over-year decline of 22.39%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.89 billion, up 12.77% from the year-ago period.
KOF's full-year Zacks Consensus Estimates are calling for earnings of $3.92 per share and revenue of $11.05 billion. These results would represent year-over-year changes of +6.23% and +15.58%, respectively.
Investors might also notice recent changes to analyst estimates for Coca-Cola FEMSA. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Coca-Cola FEMSA is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Coca-Cola FEMSA is currently trading at a Forward P/E ratio of 17.64. This represents a discount compared to its industry's average Forward P/E of 25.78.
It is also worth noting that KOF currently has a PEG ratio of 1.72. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Beverages - Soft drinks stocks are, on average, holding a PEG ratio of 3.2 based on yesterday's closing prices.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 48, putting it in the top 20% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.