We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Coca-Cola (KO) Ascends While Market Falls: Some Facts to Note
Read MoreHide Full Article
Coca-Cola (KO - Free Report) ended the recent trading session at $89.35, demonstrating a +1.2% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 0.48% for the day. Elsewhere, the Dow saw a downswing of 0.29%, while the tech-heavy Nasdaq depreciated by 0.56%.
Heading into today, shares of the world's largest beverage maker had gained 0.66% over the past month, outpacing the Consumer Staples sector's loss of 0.52% and the S&P 500's loss of 0.82%.
The investment community will be paying close attention to the earnings performance of Coca-Cola in its upcoming release. The company's upcoming EPS is projected at $0.87, signifying a 6.10% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $12.93 billion, reflecting a 4.18% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.29 per share and a revenue of $49.82 billion, indicating changes of +9.67% and +4.03%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Coca-Cola. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Coca-Cola currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Coca-Cola is currently trading at a Forward P/E ratio of 26.82. This expresses a premium compared to the average Forward P/E of 17.93 of its industry.
We can also see that KO currently has a PEG ratio of 3.44. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Beverages - Soft drinks industry held an average PEG ratio of 1.66.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 186, positioning it in the bottom 25% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Coca-Cola (KO) Ascends While Market Falls: Some Facts to Note
Coca-Cola (KO - Free Report) ended the recent trading session at $89.35, demonstrating a +1.2% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 0.48% for the day. Elsewhere, the Dow saw a downswing of 0.29%, while the tech-heavy Nasdaq depreciated by 0.56%.
Heading into today, shares of the world's largest beverage maker had gained 0.66% over the past month, outpacing the Consumer Staples sector's loss of 0.52% and the S&P 500's loss of 0.82%.
The investment community will be paying close attention to the earnings performance of Coca-Cola in its upcoming release. The company's upcoming EPS is projected at $0.87, signifying a 6.10% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $12.93 billion, reflecting a 4.18% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.29 per share and a revenue of $49.82 billion, indicating changes of +9.67% and +4.03%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Coca-Cola. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Coca-Cola currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Coca-Cola is currently trading at a Forward P/E ratio of 26.82. This expresses a premium compared to the average Forward P/E of 17.93 of its industry.
We can also see that KO currently has a PEG ratio of 3.44. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Beverages - Soft drinks industry held an average PEG ratio of 1.66.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 186, positioning it in the bottom 25% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.