Coca-Cola Co (NYSE: KO) is reporting its second-quarter earnings on Tuesday. Wall Street expects 80 cents in EPS and $11.8 billion in revenues as the company reports before market hours.
The stock is up 4.80% over the past year, 9.62% YTD.
Let's look at what the charts indicate for Coca-Cola stock, and how the stock currently maps against Wall Street estimates.
Coca-Cola Stock Bullish Ahead Of Q2 Earnings
Coca-Cola's current trend is bullish, with slight buying pressure supporting the stock.
The share price is at $64.51, above the 8-day simple moving average (SMA) of $64.33, the 20-day SMA of $63.80, and the 50-day SMA of $63.27, all of which generate bullish signals.
Additionally, the 200-day SMA at $59.94 also indicates a bullish trend.
The Moving Average Convergence Divergence (MACD) indicator at 0.48 supports a bullish outlook. However, with the Relative Strength Index (RSI) at 57.90, and treading higher, Coca-Cola could be approaching overbought conditions soon.
The Bollinger Bands further reinforce a bullish stance, with the 25-day range between $61.86 and $65.25 signaling bullishness.
Overall, technical indicators for Coca-Cola stock ahead of their earnings print, are bullish.
Coca-Cola Analysts See 10% Upside
Ratings & Consensus Estimates: The consensus analyst rating on Coca-Cola stock stands at a Buy currently with a price target of $69.20. BofA Securities, JPMorgan and Exane BNP Paribas recently rated Coca-Cola stock with ratings on July 10 and June 24, 2024. Their average price target of $71.33 implies a 10.28% upside for the stock.
KO Price Action: Coca-Cola stock was trading down 0.95% at $64.68 at the time of publication.