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Coca-Cola (KO) Gains As Market Dips: What You Should Know
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In the latest trading session, Coca-Cola (KO - Free Report) closed at $46.75, marking a +0.84% move from the previous day. The stock outpaced the S&P 500's daily loss of 3.09%. Elsewhere, the Dow lost 2.41%, while the tech-heavy Nasdaq lost 4.43%.
Prior to today's trading, shares of the world's largest beverage maker had gained 1.49% over the past month. This has outpaced the Consumer Staples sector's loss of 3.68% and the S&P 500's loss of 6.27% in that time.
Investors will be hoping for strength from KO as it approaches its next earnings release, which is expected to be October 30, 2018. On that day, KO is projected to report earnings of $0.55 per share, which would represent year-over-year growth of 10%. Meanwhile, our latest consensus estimate is calling for revenue of $8.23 billion, down 9.36% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.07 per share and revenue of $32.01 billion, which would represent changes of +8.38% and -9.6%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for KO. 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. Within the past 30 days, our consensus EPS projection has moved 0.14% lower. KO is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, KO is holding a Forward P/E ratio of 22.39. This represents a no noticeable deviation compared to its industry's average Forward P/E of 22.39.
It is also worth noting that KO currently has a PEG ratio of 2.92. 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 2.16 at yesterday's closing price.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 185, which puts it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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) Gains As Market Dips: What You Should Know
In the latest trading session, Coca-Cola (KO - Free Report) closed at $46.75, marking a +0.84% move from the previous day. The stock outpaced the S&P 500's daily loss of 3.09%. Elsewhere, the Dow lost 2.41%, while the tech-heavy Nasdaq lost 4.43%.
Prior to today's trading, shares of the world's largest beverage maker had gained 1.49% over the past month. This has outpaced the Consumer Staples sector's loss of 3.68% and the S&P 500's loss of 6.27% in that time.
Investors will be hoping for strength from KO as it approaches its next earnings release, which is expected to be October 30, 2018. On that day, KO is projected to report earnings of $0.55 per share, which would represent year-over-year growth of 10%. Meanwhile, our latest consensus estimate is calling for revenue of $8.23 billion, down 9.36% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.07 per share and revenue of $32.01 billion, which would represent changes of +8.38% and -9.6%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for KO. 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. Within the past 30 days, our consensus EPS projection has moved 0.14% lower. KO is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, KO is holding a Forward P/E ratio of 22.39. This represents a no noticeable deviation compared to its industry's average Forward P/E of 22.39.
It is also worth noting that KO currently has a PEG ratio of 2.92. 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 2.16 at yesterday's closing price.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 185, which puts it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.