Coca-Cola (KO) is a stock that investors are discussing this week. Reviewing some of the variables that could influence the stock's performance in the near future is a smart move.
Coca Cola (KO) Earnings Projection
Coca-Cola is anticipated to report profits of $0.51 a share for the upcoming quarter, which would represent a rise of +4.1% from the same period last year. The analysts' consensus estimate has moved 1.5% in the final 30 days.
The consensus profits forecast of $2.85 for the present fiscal year indicates a +6 % year-over-year variation. The change in this estimate during the past 30 days has been -0.6%.
Compared to what Coca-Cola anticipated to publish a year ago, the consensus profits estimate of $2.94 for the upcoming fiscal year represents a change of +3.2%. The estimate has evolved -0.6% in the last month.
KO Revenue Forecast
The consensus sales forecast of $10.69 billion for Coca-Cola for the present period indicates a -1.5% year-over-year change. Improvements of +0.9% and +2.8%, respectively, are projected for the present fiscal year at $46.18 billion and the upcoming fiscal year at $47.46 billion.
In the most recent quarter, Coca-Cola recorded $11.85 billion in sales, a -0.8% year-over-year decline. Earnings of $0.77 for the same time period are lower than $0.74 for the same period last year.
KO Stock Forecast Technical Analysis
In the daily chart of Coca Cola stock, the price became sideways after a decent selling pressure from where a potential bullish breakout is possible at any time.
The divergence in the bottom with a bullish recovery of the 50 day Exponential Moving Average signals potential accumulation at the bottom. Moreover, the sell-side liquidity sweep is present from November 2024, which signals wiping up sellers from the market. The most recent price showed an U-shape recovery from the 50 day EMA where a bullish breakout is yet to happen.
Based on the current market structure, a bullish recovery with the daily candle of the 65.00 level could be conservative approach to bulls. In that case, the KO stock price is likely to extend the buying pressure and move above the 70.00 psychological area.
On the other hand, the resistance to look at is that 200 day Simple Moving Average, which is still on a bullish slope. In that case any downward recovery below the 200 day SMA line with a daily candle below the 62.29 support could extend the loss towards the 50.00 area.
