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Coca-Cola FEMSA (KOF) Stock Sinks As Market Gains: What You Should Know
Coca-Cola FEMSA (KOF) Stock Sinks As Market Gains: 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 $88.38, moving -0.26% from the previous trading session. This move lagged the S&P 500's daily gain of 0.93%. Elsewhere, the Dow gained 0.56%, while the tech-heavy Nasdaq added 1.71%.Coming into today, shares of the bottling company had lost 0.14% in the past month. In that same time, the Consumer Staples sector lost 4.15%, while the S&P 500 gained 4.61%.Investors will be hoping for strength from Coca-Cola FEMSA as it approaches its next earnings release. The company is expected to report EPS of $1.33, up 20.91% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $3.45 billion, up 20.4% from the prior-year quarter.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.Investors might also notice recent changes to analyst estimates for Coca-Cola FEMSA. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 sporting a Zacks Rank of #2 (Buy).Investors should also note Coca-Cola FEMSA's current valuation metrics, including its Forward P/E ratio of 17.16. This valuation marks a discount compared to its industry's average Forward P/E of 23.36.Meanwhile, KOF's PEG ratio is currently 1.27. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Beverages - Soft drinks was holding an average PEG ratio of 2.48 at yesterday's closing price.The Beverages - Soft drinks industry is part of the Consumer Staples sector. This indust...