Business
Coca-Cola FEMSA (KOF) Dips More Than Broader Markets: What You Should Know
Coca-Cola FEMSA (KOF) Dips More Than Broader Markets: What You Should Know
About this update from Coca-cola Femsa Sab De Cv Units Cons Of 5 Shs -l- + 3 Shs Series -b-
Coca-Cola FEMSA (KOF) closed the most recent trading day at $86.82, moving -1.61% from the previous trading session. This move lagged the S&P 500's daily loss of 0.77%. At the same time, the Dow lost 0.65%, and the tech-heavy Nasdaq lost 2.23%.Prior to today's trading, shares of the bottling company had gained 3.52% over the past month. This has outpaced the Consumer Staples sector's gain of 0.72% and lagged the S&P 500's gain of 4.66% in that time.Investors will be hoping for strength from Coca-Cola FEMSA as it approaches its next earnings release. In that report, analysts expect Coca-Cola FEMSA to post earnings of $1.33 per share. This would mark year-over-year growth of 20.91%. Our most recent consensus estimate is calling for quarterly revenue of $3.45 billion, up 20.4% from the year-ago period.KOF's full-year Zacks Consensus Estimates are calling for earnings of $5.17 per share and revenue of $13.49 billion. These results would represent year-over-year changes of +14.63% and +19.47%, respectively.Any recent changes to analyst estimates for Coca-Cola FEMSA should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.38% higher. Coca-Cola FEMSA is currently a Zacks Rank #1 (Strong Buy).Digging into valuation, Coca-Cola FEMSA currently has a Forward P/E ratio of 17.08. Its industry sports an average Forward P/E of 23.94, so we one might conclude that Coca-Cola FEMSA is trading at a discount comparatively.We can also see that KOF currently has a PEG ratio of 1.27. 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. Beverages ...