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PepsiCo (PEP) Q2 Earnings Beat, Revenue Miss Estimates
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PepsiCo, Inc. (PEP - Free Report) , the leading manufacturer and marketer of snack foods and beverages, came out with second-quarter 2018 results. The company reported core earnings of $1.61 which outpaced the Zacks Consensus Estimate of $1.51 and improved 8% year over year. In constant currency, core earnings per share rose 7% from the year-ago quarter.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2018 has witnessed a downtrend in the last 30 days. However, PepsiCo’s performance over the trailing four quarters, excluding the quarter under review, remains encouraging with an average beat of 4.3%.
Revenues: PepsiCo’s revenues grew 2% to $16,090 million but came below the Zacks Consensus Estimate of $16,125 million. Organic revenue also increased 2.6% in the quarter.
Outlook: The company expects organic revenue to increase 2.3% in 2018 flat with 2017. Core earnings per share are envisioned at $5.70, which represents a growth of 9% from the prior year.
Check back later for our full write up on PEP’s earnings report!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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PepsiCo (PEP) Q2 Earnings Beat, Revenue Miss Estimates
PepsiCo, Inc. (PEP - Free Report) , the leading manufacturer and marketer of snack foods and beverages, came out with second-quarter 2018 results. The company reported core earnings of $1.61 which outpaced the Zacks Consensus Estimate of $1.51 and improved 8% year over year. In constant currency, core earnings per share rose 7% from the year-ago quarter.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2018 has witnessed a downtrend in the last 30 days. However, PepsiCo’s performance over the trailing four quarters, excluding the quarter under review, remains encouraging with an average beat of 4.3%.
Pepsico, Inc. Price and Consensus
Pepsico, Inc. Price and Consensus | Pepsico, Inc. Quote
Revenues: PepsiCo’s revenues grew 2% to $16,090 million but came below the Zacks Consensus Estimate of $16,125 million. Organic revenue also increased 2.6% in the quarter.
Outlook: The company expects organic revenue to increase 2.3% in 2018 flat with 2017. Core earnings per share are envisioned at $5.70, which represents a growth of 9% from the prior year.
Zacks Rank: Currently, PepsiCo carries a Zacks Rank #4 (Sell), which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on PEP’s earnings report!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>