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Coca-Cola European (CCEP) Stock Sinks As Market Gains: What You Should Know
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Coca-Cola European (CCEP - Free Report) closed at $55.37 in the latest trading session, marking a -0.65% move from the prior day. This change lagged the S&P 500's 1.19% gain on the day. At the same time, the Dow added 0.76%, and the tech-heavy Nasdaq gained 0.29%.
Heading into today, shares of the seller of Coca-Cola drinks in Europe had gained 1.38% over the past month, outpacing the Consumer Staples sector's loss of 0.76% and lagging the S&P 500's gain of 4.06% in that time.
Investors will be hoping for strength from Coca-Cola European as it approaches its next earnings release.
CCEP's full-year Zacks Consensus Estimates are calling for earnings of $3.83 per share and revenue of $19.6 billion. These results would represent year-over-year changes of +14.33% and +20.37%, respectively.
Investors might also notice recent changes to analyst estimates for Coca-Cola European. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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 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 has moved 4.36% higher within the past month. Coca-Cola European is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note Coca-Cola European's current valuation metrics, including its Forward P/E ratio of 14.55. This represents a discount compared to its industry's average Forward P/E of 23.49.
We can also see that CCEP currently has a PEG ratio of 1.25. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Beverages - Soft drinks stocks are, on average, holding a PEG ratio of 2.75 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 24, putting it in the top 10% 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 European (CCEP) Stock Sinks As Market Gains: What You Should Know
Coca-Cola European (CCEP - Free Report) closed at $55.37 in the latest trading session, marking a -0.65% move from the prior day. This change lagged the S&P 500's 1.19% gain on the day. At the same time, the Dow added 0.76%, and the tech-heavy Nasdaq gained 0.29%.
Heading into today, shares of the seller of Coca-Cola drinks in Europe had gained 1.38% over the past month, outpacing the Consumer Staples sector's loss of 0.76% and lagging the S&P 500's gain of 4.06% in that time.
Investors will be hoping for strength from Coca-Cola European as it approaches its next earnings release.
CCEP's full-year Zacks Consensus Estimates are calling for earnings of $3.83 per share and revenue of $19.6 billion. These results would represent year-over-year changes of +14.33% and +20.37%, respectively.
Investors might also notice recent changes to analyst estimates for Coca-Cola European. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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 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 has moved 4.36% higher within the past month. Coca-Cola European is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note Coca-Cola European's current valuation metrics, including its Forward P/E ratio of 14.55. This represents a discount compared to its industry's average Forward P/E of 23.49.
We can also see that CCEP currently has a PEG ratio of 1.25. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Beverages - Soft drinks stocks are, on average, holding a PEG ratio of 2.75 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 24, putting it in the top 10% 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.