PepsiCo Q3 earnings on deck, what to expect
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Soda and snack giant PepsiCo (NASDAQ:PEP) is scheduled to announce Q3 earnings results on Tuesday, October 10th, before market open.
The consensus EPS estimate is $2.15 (+9.1% Y/Y) and the consensus revenue estimate is $23.44 billion (+6.7% Y/Y).
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 8 upward revisions and 5 downward. Revenue estimates have seen 10 upward revisions and 0 downward.
The company on July 13 reported Q2 non-GAAP EPS of $2.09, beating estimates by 13 cents. Revenue of $22.32 billion was up 10.3% from last year and ahead of expectations by at least $590 million.
PEP has a Quant rating of "STRONG BUY", with a 4.64 rating score.
PEP has an industry ranking of 2 out of 14 among soft drink stocks, as per SA's Quant ranking, one spot behind Coke.
Wall Street rates the PEP stock a "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 down 8.8% so far this year as of Friday's close. The S&P Food & Beverage Select Industry Index is down 9.1% YTD.

Recent commentary on PepsiCo:
"Pepsi is a great company with amazing global brands but remains expensive even when considering the growth. When taking Pepsi's historic and most recent quarterly growth into account, Pepsi's valuation only starts to look appealing. The 31.5x TTM P/E represents only a 3.2% earnings yield and the company currently trades at a very similar 3.5% investors' adjusted ROE based on a historical analysis. While these yields are not much on their own to get excited about, adding Pepsi's growth potential start to add up to some decent returns. While still expensive, Pepsi is on my radar for an investment if any further pullback occurs," writes SA contributor Cameron Smith in a September 19 report.
"PepsiCo's 2.8% dividend yield isn't remarkably high or likely to get your attention. But it's fairly attractive compared to the measly 1.5% dividend yield of the S&P 500 index. Not to mention that PepsiCo's sustainable payout ratio and ample growth prospects should translate into more dividend growth down the road. While it is not a cheap stock, my inputs into the DCF model and DDM support the argument that PepsiCo is sensibly valued. This is why now isn't a bad time to buy shares of the stock and a pullback would be an even better time to add to your position as a dividend growth investor," writes SA contributor Kody's Dividends in a September 19 report.
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