Coca-Cola(US:KO) ZACKSยท2024-12-24 23:51Industry Overview - The Beverages - Soft drinks industry is part of the Consumer Staples sector and currently holds a Zacks Industry Rank of 167, placing it in the bottom 34% of all 250+ industries [1] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8] Company Performance - Coca-Cola's stock has fallen by 3.11% in the past month, underperforming the Consumer Staples sector's loss of 4.15% and the S&P 500's gain of 0.22% [2] - Coca-Cola closed the most recent trading day at $62.84, up 0.74% from the previous session, but underperformed the S&P 500's 1.1% gain, the Dow's 0.91% gain, and the Nasdaq's 1.35% gain [9] Earnings and Revenue Projections - Coca-Cola's upcoming EPS is projected at $0.52, a 6.12% increase compared to the same quarter of the previous year [3] - The Zacks Consensus Estimate for revenue projects net sales of $10.72 billion, down 1.21% from the year-ago period [3] - For the full year, the Zacks Consensus Estimates project earnings of $2.85 per share and revenue of $46.24 billion, representing changes of +5.95% and +1.05%, respectively, from the prior year [4] Valuation Metrics - Coca-Cola currently has a PEG ratio of 3.55, higher than the Beverages - Soft drinks industry average of 2.62 [7] - Coca-Cola is trading with a Forward P/E ratio of 21.87, indicating a premium compared to its industry's Forward P/E of 18.24 [10] Analyst Estimates and Rankings - The Zacks Rank system has a proven track record, with 1 stocks returning an average of +25% annually since 1988 [6] - Coca-Cola currently has a Zacks Rank of 3 (Hold) [6] - Recent modifications to analyst estimates for Coca-Cola usually signify changing near-term business trends, with positive revisions indicating analysts' confidence in the company's business performance and profit potential [11]