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Coca-Cola (KO) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Coca-Cola (KO - Free Report) closed at $61.09, marking a -0.21% move from the previous day. This change lagged the S&P 500's daily gain of 1.15%. Elsewhere, the Dow gained 0.63%, while the tech-heavy Nasdaq added 7.23%.
Heading into today, shares of the world's largest beverage maker had gained 1.59% over the past month, lagging the Consumer Staples sector's gain of 1.79% and the S&P 500's gain of 3.08% in that time.
Investors will be hoping for strength from Coca-Cola as it approaches its next earnings release. In that report, analysts expect Coca-Cola to post earnings of $0.71 per share. This would mark year-over-year growth of 1.43%. Our most recent consensus estimate is calling for quarterly revenue of $11.69 billion, up 3.26% from the year-ago period.
KO's full-year Zacks Consensus Estimates are calling for earnings of $2.61 per share and revenue of $45.02 billion. These results would represent year-over-year changes of +5.24% and +4.7%, respectively.
Investors should also note any recent changes to analyst estimates for Coca-Cola. Recent revisions tend to reflect the latest near-term business trends. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Coca-Cola currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Coca-Cola has a Forward P/E ratio of 23.49 right now. For comparison, its industry has an average Forward P/E of 23.15, which means Coca-Cola is trading at a premium to the group.
Meanwhile, KO's PEG ratio is currently 3.47. 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. KO's industry had an average PEG ratio of 2.48 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 32, which puts it in the top 13% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Coca-Cola (KO) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Coca-Cola (KO - Free Report) closed at $61.09, marking a -0.21% move from the previous day. This change lagged the S&P 500's daily gain of 1.15%. Elsewhere, the Dow gained 0.63%, while the tech-heavy Nasdaq added 7.23%.
Heading into today, shares of the world's largest beverage maker had gained 1.59% over the past month, lagging the Consumer Staples sector's gain of 1.79% and the S&P 500's gain of 3.08% in that time.
Investors will be hoping for strength from Coca-Cola as it approaches its next earnings release. In that report, analysts expect Coca-Cola to post earnings of $0.71 per share. This would mark year-over-year growth of 1.43%. Our most recent consensus estimate is calling for quarterly revenue of $11.69 billion, up 3.26% from the year-ago period.
KO's full-year Zacks Consensus Estimates are calling for earnings of $2.61 per share and revenue of $45.02 billion. These results would represent year-over-year changes of +5.24% and +4.7%, respectively.
Investors should also note any recent changes to analyst estimates for Coca-Cola. Recent revisions tend to reflect the latest near-term business trends. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Coca-Cola currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Coca-Cola has a Forward P/E ratio of 23.49 right now. For comparison, its industry has an average Forward P/E of 23.15, which means Coca-Cola is trading at a premium to the group.
Meanwhile, KO's PEG ratio is currently 3.47. 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. KO's industry had an average PEG ratio of 2.48 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 32, which puts it in the top 13% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.