The Coca-Cola Co (NYSE: KO) has reported earnings for its second fiscal quarter (ending June 30) of $0.56 versus $0.59 for the same period a year ago — a decline of -5%. Relative to the consensus estimate of $0.81, this was a shortfall of $-0.25. For the latest four quarters through June 30, E.P.S. were $2.47 compared to $2.43 a year ago — an increase of 2%.
Recent Price Action
The Coca-Cola Co (NYSE: KO) stock rose slightly by 0.3% on 7/23/24. The stock closed at $64.96. This advance was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has risen 2.4% during the last week.
Current PriceTarget Research Rating
KO is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Coca-Cola has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Coca-Cola has a very low Appreciation Score of 14 but a slightly positive Power Rating of 65, and the Negative Value Trend Rating results.
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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