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Coca-Cola (KO) Stock Moves -0.49%: What You Should Know

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In the latest trading session, Coca-Cola (KO) closed at $63.07, marking a -0.49% move from the previous day. This change was narrower than the S&P 500's 0.75% loss on the day. Elsewhere, the Dow lost 0.54%, while the tech-heavy Nasdaq added 0.24%.

Coming into today, shares of the world's largest beverage maker had gained 0.48% in the past month. In that same time, the Consumer Staples sector lost 1.54%, while the S&P 500 gained 0.32%.

Coca-Cola will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.68, unchanged from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $10.83 billion, up 6.92% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.47 per share and revenue of $42.11 billion. These totals would mark changes of +6.47% and +8.94%, respectively, from last 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 such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

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 remained stagnant. Coca-Cola is holding a Zacks Rank of #3 (Hold) right now.

Investors should also note Coca-Cola's current valuation metrics, including its Forward P/E ratio of 25.71. Its industry sports an average Forward P/E of 20.54, so we one might conclude that Coca-Cola is trading at a premium comparatively.

Investors should also note that KO has a PEG ratio of 3.68 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 industry currently had an average PEG ratio of 2.96 as of yesterday's close.

The Beverages - Soft drinks industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 158, which puts it in the bottom 38% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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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