Coca-Cola (KO) closed the latest trading day at $62.71, indicating a +0.74% change from the previous session's end. The stock's change was less than the S&P 500's daily gain of 1%. Meanwhile, the Dow gained 0.78%, and the Nasdaq, a tech-heavy index, added 1.51%.

The world's largest beverage maker's shares have seen a decrease of 0.32% over the last month, surpassing the Consumer Staples sector's loss of 5.65% and the S&P 500's loss of 2.14%.

Market participants will be closely following the financial results of Coca-Cola in its upcoming release. The company plans to announce its earnings on February 11, 2025. The company is predicted to post an EPS of $0.52, indicating a 6.12% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $10.71 billion, down 1.3% from the year-ago period.

Investors should also note any recent changes to analyst estimates for Coca-Cola. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.32% rise in the Zacks Consensus EPS estimate. Coca-Cola currently has a Zacks Rank of #3 (Hold).

In terms of valuation, Coca-Cola is currently trading at a Forward P/E ratio of 21. This valuation marks a premium compared to its industry's average Forward P/E of 17.28.

We can also see that KO currently has a PEG ratio of 3.41. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Beverages - Soft drinks industry held an average PEG ratio of 2.18.

The Beverages - Soft drinks industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 84, placing it within the top 34% of over 250 industries.