Coca-Cola (KO) Stock Sinks As Market Gains: Here's Why

Group 1 - Coca-Cola's stock closed at $66.22, reflecting a -1.19% change from the previous day, underperforming the S&P 500's gain of 0.47% [1] - Over the past month, Coca-Cola shares declined by 4.16%, compared to a 1.75% loss in the Consumer Staples sector and a 2.32% gain in the S&P 500 [1] - The upcoming earnings report is expected to show an EPS of $0.79, a 2.6% increase year-over-year, with quarterly revenue projected at $12.51 billion, up 5.57% from the previous year [2] Group 2 - For the annual period, earnings are anticipated at $2.98 per share and revenue at $48.56 billion, reflecting increases of +3.47% and +3.19% respectively from the last year [3] - Recent changes in analyst estimates for Coca-Cola are crucial as they indicate near-term business trends, with positive revisions suggesting a favorable business outlook [3][4] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates Coca-Cola at 3 (Hold), with the EPS estimate remaining unchanged over the last 30 days [5] Group 3 - Coca-Cola's Forward P/E ratio stands at 22.52, which is higher than the industry average of 17.88 [6] - The company has a PEG ratio of 3.49, compared to the industry average of 2.25, indicating a premium valuation relative to anticipated earnings growth [7] - The Beverages - Soft drinks industry, which includes Coca-Cola, ranks in the bottom 15% of all industries according to the Zacks Industry Rank [7][8]