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Coca-Cola (KO) Ascends While Market Falls: Some Facts to Note
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Coca-Cola (KO - Free Report) closed the most recent trading day at $75.71, moving +1.37% from the previous trading session. This move outpaced the S&P 500's daily loss of 1.67%. On the other hand, the Dow registered a loss of 1.73%, and the technology-centric Nasdaq decreased by 2.15%.
Shares of the world's largest beverage maker have depreciated by 7.22% over the course of the past month, outperforming the Consumer Staples sector's loss of 11.25%, and lagging the S&P 500's loss of 6.15%.
Analysts and investors alike will be keeping a close eye on the performance of Coca-Cola in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.81, indicating a 10.96% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $12.32 billion, up 10.73% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.24 per share and a revenue of $49.45 billion, indicating changes of +8% and +3.24%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Coca-Cola. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.31% increase. Coca-Cola presently features a Zacks Rank of #2 (Buy).
From a valuation perspective, Coca-Cola is currently exchanging hands at a Forward P/E ratio of 23.06. This represents a premium compared to its industry average Forward P/E of 18.34.
Investors should also note that KO has a PEG ratio of 3.12 right now. 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. The Beverages - Soft drinks was holding an average PEG ratio of 1.63 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 153, which puts it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank is ordered 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.
To follow KO in the coming trading sessions, be sure to utilize Zacks.com.
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Coca-Cola (KO) Ascends While Market Falls: Some Facts to Note
Coca-Cola (KO - Free Report) closed the most recent trading day at $75.71, moving +1.37% from the previous trading session. This move outpaced the S&P 500's daily loss of 1.67%. On the other hand, the Dow registered a loss of 1.73%, and the technology-centric Nasdaq decreased by 2.15%.
Shares of the world's largest beverage maker have depreciated by 7.22% over the course of the past month, outperforming the Consumer Staples sector's loss of 11.25%, and lagging the S&P 500's loss of 6.15%.
Analysts and investors alike will be keeping a close eye on the performance of Coca-Cola in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.81, indicating a 10.96% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $12.32 billion, up 10.73% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.24 per share and a revenue of $49.45 billion, indicating changes of +8% and +3.24%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Coca-Cola. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.31% increase. Coca-Cola presently features a Zacks Rank of #2 (Buy).
From a valuation perspective, Coca-Cola is currently exchanging hands at a Forward P/E ratio of 23.06. This represents a premium compared to its industry average Forward P/E of 18.34.
Investors should also note that KO has a PEG ratio of 3.12 right now. 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. The Beverages - Soft drinks was holding an average PEG ratio of 1.63 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 153, which puts it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank is ordered 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.
To follow KO in the coming trading sessions, be sure to utilize Zacks.com.