Coca-Cola is up, the market is down

As of today, the stock prices of the world's largest beverage manufacturers have fallen 0.37% over the past month, surpassing the 1.46% decline in the daily necessities sector and falling behind the 3.15% rise in the S&P 500 during the same period.

Investors will be keenly watching Coca-Cola's performance with earnings disclosures to be announced soon. The company is expected to report EPS at $0.80, up 2.56% from the same period last year. Meanwhile, according to our current consensus forecast, revenue is predicted to be $11.88 billion, down 0.75% from the same period last year.

According to KO's full-year consensus forecast, earnings per share were expected to be 2.82 dollars, and sales were expected to be 45.81 billion dollars. These results show changes of +4.83% and +0.13%, respectively, compared to the previous year.

Investors should also take note of recent changes in analysts' forecasts for Coca-Cola. These revisions usually reflect the latest short-term business trends that are likely to change frequently. Thus, a positive revision of the forecast indicates that analysts are confident in the company's performance and profit potential.

Investigations have demonstrated that such forecast adjustments are directly related to impending stock price trends.

As far as ratings are concerned, Coca-Cola is currently trading with a forward P/E ratio of 21.88. This means it's a premium compared to the industry average forward P/E 19.28.

Also, it should be mentioned that KO has a PEG ratio of 3.48. Similar to the widely accepted P/E ratio, the PEG ratio also takes into account a company's anticipated revenue growth. Beverages - soft drink stocks averaged a PEG ratio of 2.79 based on yesterday's closing price.

Beverages - The soft drink industry is part of the daily necessities sector. Currently, the Sachs industry ranking for this industry is 150, and it is in the bottom 41% of over 250 industries.

The strength of each industry group is measured by the Sachs industry rank calculated based on the average Sachs rank of each stock within these groups. According to research, the top 50% rated industries perform twice as well as the bottom half.