Coca-Cola (KO) Shares Outpacing Stock Market Gains

  Coca-Cola (KO) Shares Outpacing Stock Market Gains Things To Know About Coca-Cola   Coca-Cola KO (NYSE) $53,98 -0,33 (-%0,60) closed its most recent trading session at $54,32, recording +0,82% from the previous day. This move outpaced the S&P 500's gains. In contrast, the beverage giant had lost 3,18 %  last month. KO is expected to show that it is still going strong during the earnings period to be announced on July 21, 2021. And the company is also predicted to report an increase compared to the previous year's quarter. Meanwhile, it calls for revenue of $9,4 billion, up from the prior-year quarter, according to consensus estimates. KO's full-year Zacks Consensus Estimates claims earnings per share of $2,19 and revenue of $37,14 billion. Investors should also consider recent changes to analyst estimates for KO. Positive forecast revisions can be seen as a sign of optimism about the company's business outlook. The research  show that forecast changes are directly related to short-term stock prices.

Coca-Cola (KO) Shares Outpacing Stock Market Gains

KO is currently sporting a Zacks Rank of #3 (Hold). Looking at its valuation, KO is holding a Forward P/E ratio of 24,62. It is also worth noting that KO currently has a PEG ratio of 3,24. Beverages - The soft drinks industry, as it is known, is part of the Consumer Essentials industry. This industry currently has a Zacks Industry Rank of 201, placing it in the bottom 21% of over 250 industries. Research shows that industries ranked in the top 50% outperform the bottom half by 2 to 1.  

Source: Yahoo.Finance

 

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