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PepsiCo (PEP) Gains As Market Dips: What You Should Know
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PepsiCo (PEP - Free Report) closed the most recent trading day at $174.18, moving +0.16% from the previous trading session. This change outpaced the S&P 500's 1.42% loss on the day. At the same time, the Dow lost 0.49%, and the tech-heavy Nasdaq lost 0.47%.
Heading into today, shares of the food and beverage company had gained 1.36% over the past month, lagging the Consumer Staples sector's gain of 4.57% and outpacing the S&P 500's gain of 0.39% in that time.
PepsiCo will be looking to display strength as it nears its next earnings release, which is expected to be February 10, 2022. On that day, PepsiCo is projected to report earnings of $1.52 per share, which would represent year-over-year growth of 3.4%. Our most recent consensus estimate is calling for quarterly revenue of $24.32 billion, up 8.29% from the year-ago period.
It is also important to note the recent changes to analyst estimates for PepsiCo. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.04% lower. PepsiCo is currently sporting a Zacks Rank of #4 (Sell).
Investors should also note PepsiCo's current valuation metrics, including its Forward P/E ratio of 25.81. This represents a premium compared to its industry's average Forward P/E of 22.56.
Investors should also note that PEP has a PEG ratio of 3.05 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Beverages - Soft drinks was holding an average PEG ratio of 2.31 at yesterday's closing price.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 184, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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PepsiCo (PEP) Gains As Market Dips: What You Should Know
PepsiCo (PEP - Free Report) closed the most recent trading day at $174.18, moving +0.16% from the previous trading session. This change outpaced the S&P 500's 1.42% loss on the day. At the same time, the Dow lost 0.49%, and the tech-heavy Nasdaq lost 0.47%.
Heading into today, shares of the food and beverage company had gained 1.36% over the past month, lagging the Consumer Staples sector's gain of 4.57% and outpacing the S&P 500's gain of 0.39% in that time.
PepsiCo will be looking to display strength as it nears its next earnings release, which is expected to be February 10, 2022. On that day, PepsiCo is projected to report earnings of $1.52 per share, which would represent year-over-year growth of 3.4%. Our most recent consensus estimate is calling for quarterly revenue of $24.32 billion, up 8.29% from the year-ago period.
It is also important to note the recent changes to analyst estimates for PepsiCo. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.04% lower. PepsiCo is currently sporting a Zacks Rank of #4 (Sell).
Investors should also note PepsiCo's current valuation metrics, including its Forward P/E ratio of 25.81. This represents a premium compared to its industry's average Forward P/E of 22.56.
Investors should also note that PEP has a PEG ratio of 3.05 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Beverages - Soft drinks was holding an average PEG ratio of 2.31 at yesterday's closing price.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 184, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.