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PepsiCo (PEP) Q3 Earnings Beat Estimates, Revenues Lag
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PepsiCo, Inc. (PEP - Free Report) is one of the largest food and beverage business in North America and the second largest in the world. The company boasts a diverse portfolio, both geographically and product wise. Its principal brands/businesses include: Frito-Lay snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices and Quaker foods. The company has the competitive advantage of selling both snacks and beverages which are complementary food categories.
However, growing health and wellness consciousness is hurting carbonated soft drinks or CSD category growth.
Investors should note that the earnings estimate for PEP have moved north over the past seven days for the current year. PEP has an impressive earnings surprise history. It has delivered positive earnings surprises in all the past four quarters, bringing the average to a positive surprise of 5.18%.
Revenues: PEP reported revenues of $16.24 billion. This missed the Zacks Consensus Estimate of $16.42 billion.
Key Stats to Note: Revenues increased 1.7% on an organic basis, softer than 3.1% in the previous quarter.
Stock Price: Shares rose 0.67% in pre-market trading at the time of writing.
Check back later for our full write up on this PEP earnings report later!
Can Hackers Put Money INTO Your Portfolio?
Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Image: Bigstock
PepsiCo (PEP) Q3 Earnings Beat Estimates, Revenues Lag
PepsiCo, Inc. (PEP - Free Report) is one of the largest food and beverage business in North America and the second largest in the world. The company boasts a diverse portfolio, both geographically and product wise. Its principal brands/businesses include: Frito-Lay snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices and Quaker foods. The company has the competitive advantage of selling both snacks and beverages which are complementary food categories.
However, growing health and wellness consciousness is hurting carbonated soft drinks or CSD category growth.
Investors should note that the earnings estimate for PEP have moved north over the past seven days for the current year. PEP has an impressive earnings surprise history. It has delivered positive earnings surprises in all the past four quarters, bringing the average to a positive surprise of 5.18%.
Currently, PEP has a Zacks Rank #3 (Hold), but that could definitely change following Pepsi’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: PEP beat earnings. Our consensus earnings estimate called for EPS of $1.42/share, and the company reported core EPS of $1.48/share.
Pepsico, Inc. Price and EPS Surprise
Pepsico, Inc. Price and EPS Surprise | Pepsico, Inc. Quote
Revenues: PEP reported revenues of $16.24 billion. This missed the Zacks Consensus Estimate of $16.42 billion.
Key Stats to Note: Revenues increased 1.7% on an organic basis, softer than 3.1% in the previous quarter.
Stock Price: Shares rose 0.67% in pre-market trading at the time of writing.
Check back later for our full write up on this PEP earnings report later!
Can Hackers Put Money INTO Your Portfolio?
Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Download the new report now>>