Coca-Cola Stock Is Bubbling Higher: Can Q4 Earnings Keep The Fizz Going?

Coca-Cola Co KO will be reporting its fourth-quarter earnings on Tuesday. Wall Street expects 52 cents in EPS and $10.68 billion in revenues as the company reports before market hours.

The stock is up 7.45% over the past year, 3.74% year-to-date.

Let’s look at what the charts indicate for Coca-Cola stock and how the stock currently maps against Wall Street estimates.

KO Stock Strongly Bullish Ahead Of Q4 Earnings

Chart created using Benzinga Pro

Coca-Cola stock is exhibiting a strongly bullish trend, with its share price trading above the eight-day, 20-day and 50-day simple moving averages. This sustained buying pressure indicates positive momentum, suggesting the potential for continued upside.

The stock's strength is further reinforced by its Moving Average Convergence Divergence (MACD) indicator at 0.33, signaling bullish momentum.

Additionally, KO stock's Relative Strength Index (RSI) stands at 58.00, placing it in neutral territory but trending toward overbought levels. This suggests that while the stock remains in an uptrend, investors should monitor for potential consolidation or a cooling-off period.

If buying pressure persists, Coca-Cola stock could continue its bullish trajectory, making it an attractive option for momentum-focused investors.

Coca-Cola Analysts See 11% Upside

Ratings & Consensus Estimates: The consensus analyst rating on Coca-Cola stock stands at a Buy currently with a price target of $71.30. The latest analyst ratings from RBC Capital, Jefferies and JPMorgan imply an 11.3% upside for KO stock, with an average price target of $71.33.

Stock Price Action: Coca-Cola stock was trading at $64 at the time of publication.

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