Coca-Cola (KO) Rises Yet Lags Behind Market: Some Facts Worth Knowing

Coca-Cola (KO) closed the most recent trading day at $62.84, moving +0.74% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 1.1% for the day. Meanwhile, the Dow gained 0.91%, and the Nasdaq, a tech-heavy index, added 1.35%.The the stock of world's largest beverage maker has fallen by 3.11% in the past month, leading the Consumer Staples sector's loss of 4.15% and undershooting the S&P 500's gain of 0.22%.The investment community will be paying close attention to the earnings performance of Coca-Cola in its upcoming release. The company's upcoming EPS is projected at $0.52, signifying a 6.12% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $10.72 billion, down 1.21% from the year-ago period.For the full year, the Zacks Consensus Estimates are projecting earnings of $2.85 per share and revenue of $46.24 billion, which would represent changes of +5.95% and +1.05%, respectively, from the prior year.It's also important for investors to be aware of any recent modifications to analyst estimates for Coca-Cola. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.04% higher. Coca-Cola is currently sporting a Zacks Rank of #3 (Hold).In the context of valuation, Coca-Cola is at present trading with a Forward P/E ratio of 21.87. This indicates a premium in contrast to its industry's Forward P/E of 18.24.We can also see that KO currently has a PEG ratio of 3.55. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Beverages - Soft drinks industry held an average PEG ratio of 2.62.The Beverages - Soft drinks industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 167, positioning it in the bottom 34% of all 250+ industries.The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>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