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. Pepsi’s product portfolio includes 22 Billion Dollar brands including Pepsi, Mountain Dew, Gatorade, Tropicana, Lay's, Doritos, Cheetos and Quaker which generate more than $1 billion each in retail sales annually. Pepsi 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 remained over the past 30 days. Moreover, PEP has an impressive track record in the earnings season. It has delivered positive earnings surprises in all the past four quarters, bringing the average to a positive surprise of 5.62%.
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 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 $1.32/share, and the company reported EPS of $1.40/share. Investors should note that these figures take out stock option expenses.
Revenues: PEP reported revenues of $16.03 billion. This surpassed our consensus estimate of $15.89 billion.
Key Stats to Note: Revenues increased 4.2% on an organic basis, higher than 3.3% in the previous quarter.
The company has increased its core EPS guidance for 2016 to $4.78 per share from its earlier expectation of $4.71.
Stock Price: Shares rose 0.58% in pre-market trading.
Check back later for our full write up on this PEP earnings report later!
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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. Pepsi’s product portfolio includes 22 Billion Dollar brands including Pepsi, Mountain Dew, Gatorade, Tropicana, Lay's, Doritos, Cheetos and Quaker which generate more than $1 billion each in retail sales annually. Pepsi 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 remained over the past 30 days. Moreover, PEP has an impressive track record in the earnings season. It has delivered positive earnings surprises in all the past four quarters, bringing the average to a positive surprise of 5.62%.
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 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 $1.32/share, and the company reported EPS of $1.40/share. Investors should note that these figures take out stock option expenses.
Revenues: PEP reported revenues of $16.03 billion. This surpassed our consensus estimate of $15.89 billion.
Key Stats to Note: Revenues increased 4.2% on an organic basis, higher than 3.3% in the previous quarter.
The company has increased its core EPS guidance for 2016 to $4.78 per share from its earlier expectation of $4.71.
Stock Price: Shares rose 0.58% in pre-market trading.
Check back later for our full write up on this PEP earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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