PepsiCo (NASDAQ:PEP) is set to give its latest quarterly earnings report on Tuesday, 2024-10-08. Here's what investors need to know before the announcement.
Analysts estimate that PepsiCo will report an earnings per share (EPS) of $2.29.
Investors in PepsiCo are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
Earnings Track Record
The company's EPS beat by $0.12 in the last quarter, leading to a 1.48% increase in the share price on the following day.
Here's a look at PepsiCo's past performance and the resulting price change:
Quarter
Q2 2024
Q1 2024
Q4 2023
Q3 2023
EPS Estimate
2.16
1.52
1.72
2.15
EPS Actual
2.28
1.61
1.78
2.25
Price Change %
1.0%
4.0%
-4.0%
-1.0%
Market Performance of PepsiCo's Stock
Shares of PepsiCo were trading at $167.97 as of October 04. Over the last 52-week period, shares are up 1.68%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
Analyst Opinions on PepsiCo
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding PepsiCo.
The consensus rating for PepsiCo is Neutral, derived from 12 analyst ratings. An average one-year price target of $183.08 implies a potential 9.0% upside.
Peer Ratings Comparison
In this comparison, we explore the analyst ratings and average 1-year price targets of Coca-Cola, Monster ...
