Coca-Cola (KO - Free Report) closed the most recent trading day at $46.71, moving +0.15% from the previous trading session. The stock outpaced the S&P 500's daily of 0%. Meanwhile, the Dow lost 0.05%, and the Nasdaq, a tech-heavy index, lost 0.21%.
Heading into today, shares of the world's largest beverage maker had gained 0.91% over the past month, lagging the Consumer Staples sector's gain of 5.19% and the S&P 500's gain of 5.49% in that time.
Wall Street will be looking for positivity from KO as it approaches its next earnings report date. This is expected to be April 23, 2019. In that report, analysts expect KO to post earnings of $0.46 per share. This would mark a year-over-year decline of 2.13%. Our most recent consensus estimate is calling for quarterly revenue of $7.89 billion, up 3.42% from the year-ago period.
KO's full-year Zacks Consensus Estimates are calling for earnings of $2.09 per share and revenue of $34.81 billion. These results would represent year-over-year changes of +0.48% and +9.27%, respectively.
Any recent changes to analyst estimates for KO should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Within the past 30 days, our consensus EPS projection has moved 0.05% lower. KO is holding a Zacks Rank of #4 (Sell) right now.
Looking at its valuation, KO is holding a Forward P/E ratio of 22.3. This represents a no noticeable deviation compared to its industry's average Forward P/E of 22.3.
Also, we should mention that KO has a PEG ratio of 3.13. 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. KO's industry had an average PEG ratio of 2.08 as of yesterday's close.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 234, putting it in the bottom 9% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.