Snack meals and beverage firm PepsiCo is ready to report third-quarter earnings outcomes subsequent Tuesday earlier than the opening bell. The corporate’s portfolio contains well-known manufacturers reminiscent of Frito-Lay, Pepsi-Cola, Gatorade, Quaker and Tropicana.
Discover the newest EPS estimates and surprises on Zacks Earnings Calendar.
PepsiCo PEP, presently a Zacks Rank #3 (Maintain), has established a protracted historical past of exceeding earnings estimates. However with market volatility on the rise heading into October, is PEP inventory a purchase?
The Q3 Zacks Consensus Estimate requires earnings of $2.30 per share, reflecting a 2.2% enchancment relative to the identical quarter final yr. The corporate has delivered a trailing four-quarter common earnings shock of 4.8%.
Earnings estimates have barely declined over the previous 60 days. Gross sales are anticipated to have risen 2% to $23.92 billion through the third quarter.
PepsiCo’s worldwide enterprise continues to strengthen its total efficiency. Nonetheless, PEP inventory has been lagging the final market together with most staples. Traders ought to proceed with warning heading into the announcement.
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PepsiCo, Inc. (PEP) : Free Stock Analysis Report
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