Coca-Cola (KO, $45.69) tops Q1 earnings estimates; mentions near-term impact of Covid-19 on sales
Coca-Cola beat first quarter earnings expectations. The beverage maker, however, pulled its full-year profit guidance as coronavirus crisis weighs on near-term sales prospects.
Coca-Cola’s adjusted earnings for the three months ending in March came in at 51 cents per share, 7 cents ahead of the Street consensus forecast.. The figure also represents +3 cents increase from the year-ago quarter.
Revenues increased +7.2% year-over-year to $8.6 billion, exceeding analysts' estimates of $8.3 billion.
Coca-Cola expects declines in its 'away-from-home' sales segment, which partly consists of bulk sales at sporting and entertainment events, will offset gains from consumers adding to their personal storage. This in turn would likely have a significant impact on second quarter earnings, according to the company. But it projects a solid recovery in the second half.
KO in -0.87% downward trend, sliding for three consecutive days on June 07, 2023
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where KO declined for three days, in of 255 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 12, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on KO as a result. In of 92 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
KO moved below its 50-day moving average on May 22, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for KO crossed bearishly below the 50-day moving average on May 25, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
The Aroon Indicator for KO entered a downward trend on June 06, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where KO's RSI Indicator exited the oversold zone, of 23 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 50 cases where KO's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where KO advanced for three days, in of 347 cases, the price rose further within the following month. The odds of a continued upward trend are .
KO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 72, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (10.331) is normal, around the industry mean (59.122). P/E Ratio (26.525) is within average values for comparable stocks, (49.710). Projected Growth (PEG Ratio) (3.281) is also within normal values, averaging (5.340). Dividend Yield (0.030) settles around the average of (0.030) among similar stocks. P/S Ratio (6.020) is also within normal values, averaging (2.926).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. KO’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of non-alcoholic beverages
Industry BeveragesNonAlcoholic
KO and
Correlation & Price change
A.I.dvisor indicates that over the last year, KO has been closely correlated with PEP. These tickers have moved in lockstep 81% of the time. This A.I.-generated data suggests there is a high statistical probability that if KO jumps, then PEP could also see price increases.
