Coca-Cola (KO)

Outperforms Stock Market Gains: Points to Know

  Coca-Cola (KO) Outperforms Stock Market Gains: Points to Know   According to the latest data, it was announced that Coca-Cola (KO) closed its most recent trading day at $53.71, up +1.19 percent from the previous trading session. It even surpassed the S&P 500's 0.41% daily gain. In fact, as of today, shares of the world's largest beverage producer had lost 4.65% last month. Wall Street's expectations trend positive from the giant beverage company in its next earnings report. This report is expected to be 27 October 2021. Looking at the full year, Zacks Consensus Estimates say analysts are expecting earnings of $2.25 per share and revenue of $37.85 billion. Recent changes to analyst estimates for  KO (NYSE) $53,88 +0,17 (+%0,32) It helps to illustrate the ever-changing nature of short-term business trends. All in all, the positive forecast revision can be said to be a good sign for the company's business outlook.  

Coca-Cola (KO) Outperforms Stock Market Gains: Points to Know

  Since 1988, the giant beverage company's shares have been identified as the number one player proven by the Zacks Rank system, with an average annual return of +25% ranging from #1 (Buy Strong) to 5 (Sell Strong). Over the past month, the Zacks Consensus EPS forecast has moved 0.11% lower. KO currently has a Zacks Rank #3 (Hold). In terms of valuation, KO currently trades with a Forward P/E ratio of 23.62. This represents a premium compared to the industry's average Forward P/E of 22.25. Investors should also note that KO currently has a PEG ratio of 2.72. The KO industry had an average PEG ratio of 2.28 as of yesterday's close. Research by Zacks Industry Rating for the beverage giant shows that industries ranked as the top 50% outperform the bottom half by 2:1.  

Source: Yahoo.Finance

 

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