In the latest close session, Coca-Cola (KO) was down 3.96% at $81.56. This change lagged the S&P 500's daily loss of 1.01%. At the same time, the Dow lost 0.77%, and the tech-heavy Nasdaq lost 1.4%.
The world's largest beverage maker's stock has climbed by 6.97% in the past month, exceeding the Consumer Staples sector's gain of 1.62% and the S&P 500's gain of 0.32%.
Market participants will be closely following the financial results of Coca-Cola in its upcoming release. The company plans to announce its earnings on July 28, 2026. It is anticipated that the company will report an EPS of $0.92, marking a 5.75% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $13.05 billion, indicating a 4.15% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $3.26 per share and a revenue of $49.29 billion, demonstrating changes of +8.67% and +2.92%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Coca-Cola. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, Coca-Cola possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Coca-Cola currently has a Forward P/E ratio of 26.04. This signifies a premium in comparison to the average Forward P/E of 20.46 for its industry.
One should further note that KO currently holds a PEG ratio of 3.39. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Beverages - Soft drinks industry was having an average PEG ratio of 2.24.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 78, this industry ranks in the top 32% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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CocaCola Company (The) (KO): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).