In the latest trading session, Coca-Cola (KO) closed at $51.39, marking a +0.76% move from the previous day. This move outpaced the S&P 500's daily loss of 0.76%. At the same time, the Dow lost 0.94%, and the tech-heavy Nasdaq lost 1.12%.Prior to today's trading, shares of the world's largest beverage maker had gained 0.73% over the past month. This has lagged the Consumer Staples sector's gain of 2.9% and the S&P 500's gain of 1.74% in that time.Wall Street will be looking for positivity from KO as it approaches its next earnings report date. This is expected to be April 19, 2021. In that report, analysts expect KO to post earnings of $0.50 per share. This would mark a year-over-year decline of 1.96%. Meanwhile, our latest consensus estimate is calling for revenue of $8.52 billion, down 0.92% from the prior-year quarter.For the full year, our Zacks Consensus Estimates are projecting earnings of $2.12 per share and revenue of $36.73 billion, which would represent changes of +8.72% and +11.26%, respectively, from the prior year.Any recent changes to analyst estimates for KO 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.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.02% higher. KO is currently sporting a Zacks Rank of #3 (Hold).Investors should also note KO's current valuation metrics, including its Forward P/E ratio of 24.1. For comparison, its industry has an average Forward P/E of 22.19, which means KO is trading at a premium to the group.Meanwhile, KO's PEG ratio is currently 4.46. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. KO's industry had an average PEG ratio of 2.8 as of yesterday's close.The Beverages - Soft drinks industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 110, which puts it in the top 44% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow KO in the coming trading sessions, be sure to utilize Zacks.com.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CocaCola Company The (KO): Free Stock Analysis Report To read this article on Zacks.com click here.