Coca-Cola (KO) closed the most recent trading day at $91.78, moving +1.85% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 1.11%. Meanwhile, the Dow experienced a drop of 0.09%, and the technology-dominated Nasdaq saw a decrease of 1.88%.
Shares of the world's largest beverage maker have appreciated by 1.58% over the course of the past month, outperforming the Consumer Staples sector's loss of 0.28%, and lagging the S&P 500's gain of 2.06%.
Analysts and investors alike will be keeping a close eye on the performance of Coca-Cola in its upcoming earnings disclosure. The company's earnings report is set to go public on October 27, 2026. The company's earnings per share (EPS) are projected to be $0.87, reflecting a 6.1% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $12.93 billion, reflecting a 4.15% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.3 per share and a revenue of $49.82 billion, representing changes of +10% and +4.02%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Coca-Cola. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.09% higher. Coca-Cola is holding a Zacks Rank of #2 (Buy) right now.
With respect to valuation, Coca-Cola is currently being traded at a Forward P/E ratio of 27.34. This valuation marks a premium compared to its industry average Forward P/E of 18.27.
One should further note that KO currently holds a PEG ratio of 3.51. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Beverages - Soft drinks industry was having an average PEG ratio of 2.02.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 90, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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CocaCola Company (The) (KO): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).