PepsiCo placed on ‘30-Day Catalyst Watch’ ahead of earnings by Citi
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PepsiCo (NASDAQ:PEP) should push past consensus estimates on earnings, promoting a pop for the stock when the company reports on April 26, according to Citi.

Equity analyst Filippo Falorni told clients that scanner data suggests both Pepsi Beverages and Frito Lay sales in North America could significantly outpace expectations. Further, pricing power is expected to protect the bottom line. Full-year organic sales guidance could be due for a raise while EPS guidance is likely to be maintained. 

âAll together, we expect these strong results, coupled with potentially raised guidance, will drive the stock higher,â Falorni concluded. 
Read more on beverage inflation data.