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Coca-Cola (KO) Gains As Market Dips: What You Should Know
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Coca-Cola (KO - Free Report) closed the most recent trading day at $71.24, moving +1.05% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.19%. Elsewhere, the Dow saw a downswing of 0.8%, while the tech-heavy Nasdaq depreciated by 0.1%.
Heading into today, shares of the world's largest beverage maker had lost 0.66% over the past month, lagging the Consumer Staples sector's loss of 0.19% and the S&P 500's gain of 2.26%.
Market participants will be closely following the financial results of Coca-Cola in its upcoming release. The company's upcoming EPS is projected at $0.56, signifying a 1.82% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $12.07 billion, indicating a 4.51% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.98 per share and revenue of $48.33 billion. These totals would mark changes of +3.47% and 0%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Coca-Cola. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Over the past month, there's been a 0.08% rise in the Zacks Consensus EPS estimate. Coca-Cola is currently sporting a Zacks Rank of #4 (Sell).
Investors should also note Coca-Cola's current valuation metrics, including its Forward P/E ratio of 21.88. This indicates a premium in contrast to its industry's Forward P/E of 16.66.
Meanwhile, KO's PEG ratio is currently 3.63. 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. As the market closed yesterday, the Beverages - Soft drinks industry was having an average PEG ratio of 2.03.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 187, which puts it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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
Coca-Cola (KO - Free Report) closed the most recent trading day at $71.24, moving +1.05% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.19%. Elsewhere, the Dow saw a downswing of 0.8%, while the tech-heavy Nasdaq depreciated by 0.1%.
Heading into today, shares of the world's largest beverage maker had lost 0.66% over the past month, lagging the Consumer Staples sector's loss of 0.19% and the S&P 500's gain of 2.26%.
Market participants will be closely following the financial results of Coca-Cola in its upcoming release. The company's upcoming EPS is projected at $0.56, signifying a 1.82% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $12.07 billion, indicating a 4.51% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.98 per share and revenue of $48.33 billion. These totals would mark changes of +3.47% and 0%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Coca-Cola. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Over the past month, there's been a 0.08% rise in the Zacks Consensus EPS estimate. Coca-Cola is currently sporting a Zacks Rank of #4 (Sell).
Investors should also note Coca-Cola's current valuation metrics, including its Forward P/E ratio of 21.88. This indicates a premium in contrast to its industry's Forward P/E of 16.66.
Meanwhile, KO's PEG ratio is currently 3.63. 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. As the market closed yesterday, the Beverages - Soft drinks industry was having an average PEG ratio of 2.03.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 187, which puts it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.