In the latest trading session, Coca-Cola (KO - Free Report) closed at $46.57, marking a -1.92% move from the previous day. This move lagged the S&P 500's daily gain of 0.48%. Elsewhere, the Dow gained 0.53%, while the tech-heavy Nasdaq added 0.8%.
Prior to today's trading, shares of the world's largest beverage maker had lost 4.16% over the past month. This has lagged the Consumer Staples sector's loss of 3.6% and the S&P 500's loss of 2.09% in that time.
Investors will be hoping for strength from KO as it approaches its next earnings release, which is expected to be February 15, 2019. On that day, KO is projected to report earnings of $0.42 per share, which would represent year-over-year growth of 7.69%. Meanwhile, our latest consensus estimate is calling for revenue of $7.06 billion, down 6.07% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for KO. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.05% higher. KO is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that KO has a Forward P/E ratio of 21.52 right now. This represents a premium compared to its industry's average Forward P/E of 18.88.
Investors should also note that KO has a PEG ratio of 2.9 right now. 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 1.94 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 189, which puts it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.