The Coca-Cola Co (NYSE: KO) has reported earnings for its first fiscal quarter (ending March 31) of $0.74 versus $0.72 for the same period a year ago — an increase of 3%. This result exceeded the consensus estimate of $0.74 by $0.00. For the latest four quarters through March 31, E.P.S. were $2.50 versus $2.28 for the same period a year ago — an increase of 10%.
Recent Price Action
On 4/30/24, The Coca-Cola Co (NYSE: KO) stock declined slightly by -0.4%, closing at $61.77. Moreover, above average trading volume at 140% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has risen 2.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, KO is expected to continue to be a major Value Builder.
Coca-Cola has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Coca-Cola has a very low Appreciation Score of 14 but a neutral Power Rating of 53, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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