Coca-Cola Stock Slips Ahead of Q3 Earnings Report

Coca-Cola (KO) stock fell 0.59% amid a market uptick as investors await the company's upcoming earnings report on October 24.

Coca-Cola is expected to report steady EPS of $0.69 on revenue growth of 3.62% to $11.46 billion in the upcoming quarterly results.

Full-year estimates call for EPS growth of 6.05% to $2.63 and revenue growth of 4.56% to $44.96 billion.

KO stock has underperformed the market over the past month, down 7.32% vs the S&P 500's 2.1% decline.

Coca-Cola currently has a Zacks Rank #4 (Sell) based on downward estimate revisions for EPS and revenue in recent weeks.