PepsiCo Q2 earnings on deck, what to expect
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U.S. soda and food giant PepsiCo (NASDAQ:PEP) is scheduled to announce Q2 earnings results on Thursday, July 13th, before market open.
The consensus EPS estimate is $1.96 and the consensus revenue estimate is $21.75 billion.
Over the last 2 years, PEP has beaten EPS estimates 100% of the time and has beaten revenue estimates 100% of the time.
Over the last 3 months, EPS estimates have seen 2 upward revisions and 13 downward. Revenue estimates have seen 11 upward revisions and 0 downward.
The company on April 25 reported Q1 Non-GAAP EPS of $1.50, topping consensus by 11 cents. Revenue of $17.85 billion was up 10.2% from last year and ahead of expectations by $580 million.
PEP has a Quant rating of "HOLD", with a 3.41 rating score.
PEP has an industry ranking of 8 out of 14 among soft drinks and non-alcoholic beverages stocks, as per SA's Quant ranking, one spot ahead of Monster Beverage.
Wall Street analysts rate the PEP stock "BUY" and Seeking Alpha authors rate it "HOLD".
PEP stock rose 7.2% in 2022, while the benchmark S&P 500 index slipped nearly 20% for the year.
Stock is up 4% so far this year as of Tuesday's close.
Recent analysis on PEP:
"Despite the heightened risk of a pullback, I believe PEP is well-positioned to break through $200/share. A greater balance in sales between their Frito-Lay and Beverage divisions due to the rapid growth and market share gains in the former is one factor supporting this view. Irrespective of other areas, I am confident that the Frito-Lay division will turn in their 7th consecutive quarter of double-digit organic growth when PEP reports results. In addition, I donât view the issue surrounding aspartame as overly noteworthy, considering CEO, Ramon Laguartaâs, past finesse in adapting their products to meet consumer and regulatory concerns," writes SA contributor Justin Purohit in a July 10 analysis.
"PEP has already completed its downcycle movement from the recent May 2023 top, likely to rebound from the current support level and sustain the upward trend. It also demonstrated a robust pricing power through the expansion in topline by +10% YoY, despite the contraction in volume. The PEP management's interest rate hedges have also outperformed, expanding its EPS and sustaining shareholder returns thus far," writes SA contributor Juxtaposed Ideas.
Other analysis: Coca-Cola Vs. PepsiCo: Which Is Better Positioned To Sell Puts? by SA contributor PropNotes.
Recent news: In late June, the company extended its strategic partnership with the UEFA Champions League until June of 2027 as it keeps a major presence in the soccer landscape.
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