Posted 12/28/2023, 10:45:21 PM
Coca-Cola Stock Outperforms S&P 500 But Lags Sector; Earnings Growth Expected As Analysts Turn Bullish
- Coca-Cola (KO) stock recently outperformed the S&P 500 but lagged the Consumer Staples sector over the past month
- Coca-Cola is expected to report strong EPS and revenue growth in its next quarterly earnings release
- Estimates revisions indicate analysts' optimism about Coca-Cola's profits going forward
- Coca-Cola currently has a Zacks Rank of #2 (Buy) and trades at a premium to its industry average valuation
- The Beverages - Soft drinks industry ranks in the top 7% of over 250 Zacks-covered industries, suggesting strong performance potential for Coca-Cola