Coca-Cola (KO) Outperforms Broader Market: What You Need to Know

Coca-Cola (KO) ended the recent trading session at $61.65, demonstrating a +0.95% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.16%. On the other hand, the Dow registered a gain of 0.86%, and the technology-centric Nasdaq decreased by 0.38%.Prior to today's trading, shares of the world's largest beverage maker had lost 3.25% over the past month. This has was narrower than the Consumer Staples sector's loss of 8.34% and lagged the S&P 500's loss of 2.2% in that time.Investors will be eagerly watching for the performance of Coca-Cola in its upcoming earnings disclosure. The company is expected to report EPS of $0.52, up 6.12% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $10.71 billion, indicating a 1.3% decline compared to the corresponding quarter of the prior year.Any recent changes to analyst estimates for Coca-Cola should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.27% higher. At present, Coca-Cola boasts a Zacks Rank of #3 (Hold).Investors should also note Coca-Cola's current valuation metrics, including its Forward P/E ratio of 20.6. This signifies a premium in comparison to the average Forward P/E of 17.02 for its industry.We can additionally observe that KO currently boasts a PEG ratio of 3.34. 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 was holding an average PEG ratio of 2.25 at yesterday's closing price.The Beverages - Soft drinks industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 79, this industry ranks in the top 32% of all industries, numbering over 250.The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.1% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CocaCola Company (The) (KO): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks