VSoca-Cola (KO) closed at $62 last trading session, marking a -0.34% move from the previous day. That move was narrower than the S&P 500’s 1.57% daily loss. Meanwhile, the Dow Jones lost 1.56% and the tech-heavy Nasdaq lost 0.09%.
Today, shares of the world’s largest beverage maker were down 0.35% over the past month. Over the same period, the Consumer Staples sector lost 0.1%, while the S&P 500 gained 5.37%.
Coca-Cola will look to show strength ahead of its next earnings release, which is expected on April 25, 2022. In the report, analysts expect Coca-Cola to post a profit of 0, $57 per share. This would mark a year-over-year growth of 3.64%. Meanwhile, our latest consensus estimate calls for revenue of $9.98 billion, up 10.67% from the prior year quarter.
Zacks consensus estimates for the full year of KO call for earnings of $2.45 per share and revenue of $42.06 billion. These results would represent year-over-year variations of +5.6% and +8.8%, respectively.
Investors might also notice recent changes in analyst estimates for Coca-Cola. These revisions help show the ever-changing nature of short-term trading trends. Thus, positive revisions to estimates reflect analysts’ optimism about the company’s business and profitability.
Research indicates that these revisions to estimates are directly correlated to near-term stock price dynamics. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes into account these estimation changes and provides a clear and actionable scoring model.
The Zacks ranking system ranges from #1 (strong buy) to #5 (strong sell). It has a remarkable track record of third-party audited success, with #1 stocks offering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has fallen 0.25% . Coca-Cola currently sports a Zacks rank of #3 (Hold).
As for its valuation, Coca-Cola holds a Forward P/E ratio of 25.38. This represents a premium to its industry average Forward P/E of 22.59.
We can also see that KO currently has a PEG ratio of 3.01. This measure is used in the same way as the famous P/E ratio, but the PEG ratio also takes into account the growth rate of the stock’s expected earnings. The KO industry had an average PEG ratio of 2.68 at yesterday’s close.
The beverage industry – soft drinks is part of the consumer staples sector. This group has a Zacks Industry Rank of 192, which places it in the bottom 25% of all 250+ industries.
The Zacks Industry Ranking assesses the strength of our industry groups by measuring the average Zacks Ranking of individual stocks within the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.
Be sure to track all of these stock movement metrics, and more, at Zacks.com.
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