Coca-Cola (KO) closed out the last trading session at $62.67, down -1.07% from its close the previous day. It trailed the S&P 500, which was up 0.72%. The Dow and Nasdaq both rose 0.3% and 1.35%, respectively. Still, KO stock is up 4.18% for the month, topping the Consumer Staples sector’s gain of 0.43% and the S&P 500’s 1.02%.
Expectations are building up for Coca-Cola’s next quarterly earnings report, scheduled to be released on February 11, 2025. Earnings are expected to come in at $0.51 per share, which will be a 4.08% increase over last year’s same quarter. Revenue is likely to decline by 1.48% to $10.69 billion. Over the past month, analyst estimates have been slightly revised lower as the Zacks Consensus EPS estimate has fallen 0.46%. The company currently sports a Zacks Rank #3 (Hold).
Regarding valuation, KO is trading at a Forward P/E multiple of 21.53, which is above the industry average of 17.92. That makes it a premium-valued stock. The PEG ratio of 3.55 is also greater than the industry’s 2.27, meaning the stock may be over-valued based on the growth prospects the company would file.
The Beverages – Soft drinks industry, where Coca-Cola trades is ranked abysmally in Zacks Industry Rank at 166, putting it in the bottom 34% of over 250 industries.
Investors and market watchers will continue to watch the Coca-Cola stock price, especially given the upcoming earnings release and the subsequent analyst revisions that may influence the stock price.
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