Market Gains Rise as Coca-Cola Shares Fall. Points to Know

  Market Gains Rise as Coca-Cola Shares Fall. Points to Know Shares of the beverage giant also lost 1.86 % last month. Coca-Cola (KO) closed the last trading day with an increase of -0,74 % compared to the previous trading session. The change in the stock lagged behind the S&P 500's daily gain of 0,03 %. Shares of the beverage giant also lost 1.86 % last month. Wall Street expects positivity from KO in its next earnings report. It is known that the publication date of the new report is July 21. The common estimate is $9,4 billion in revenue calls, up 31,53 % year over year. KO's full-year Zacks Consensus Estimates claims earnings per share of $2,9 and revenue of $37,14 billion, representing annual changes in these.

Shares of the beverage giant also lost 1.86 % last month.

These revisions help illustrate the ever-changing nature of short-term business trends. More often than not, investors follow these revisions. To take advantage of this, one can consult Zacks Rank, a custom model that takes into account forecast changes and provides an actionable rating system. KO currently has Zacks Rank #3 (Hold). Looking at valuation, KO currently has a Forward P/E ratio of 24,79. This represents a premium compared to the industry average of 22,54 Forward P/E. The Zacks Industry Ranking also shows that industries in the top 50% outperform the bottom half by 2:1.  

Source: Yahoo.Finance

 

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