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Here's How PepsiCo (PEP) Looks Just Ahead of Q1 Earnings
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PepsiCo, Inc. (PEP - Free Report) is expected to register top and bottom-line growth when it reports first-quarter 2021 numbers on Apr 26, before the opening bell. The Zacks Consensus Estimate for first-quarter revenues is pegged at $15.6 billion, implying 5.4% growth from the year-ago quarter's reported figure.
For quarterly earnings, the Zacks Consensus Estimate is pegged at $1.24, suggesting growth of 2.5% from the prior-year quarter’s reported figure. The consensus mark has moved down by a penny in the past 30 days.
In the last reported quarter, the company’s earnings met the Zacks Consensus Estimate. It has delivered an earnings surprise of 6.2%, on average, in the trailing four quarters.
PepsiCo has been gaining from the resilience and strength in its convenient food business and growth in the beverage category. Market share growth in the liquid refreshment beverage category has been aiding the beverage business. Meanwhile, the food business has been benefiting from share gains in salty and savory snacks, meals, and instant oatmeal, including innovative product launches like the Cheetos Mac ‘n Cheese and Quaker Protein Instant Oatmeal. Growth in both categories is likely to have aided sales and earnings in the first quarter.
The company is also expected to have benefited from resilient trends in the North America business. The PBNA segment is likely to have gained from investments in innovation, pricing and execution. Growth in its key brands like Pepsi, Mountain Dew, Gatorade, Starbucks, LifeWtr, bubly and Aquafina is likely to have aided the top line in the to-be-reported quarter.
The company has been benefiting from brand investments, go-to-market systems, supply chain, manufacturing capacity and digital capabilities to build competitive advantages. Robust pricing and volume gains have also been aiding its performance.
However, the impacts of supply-chain disruptions and inflationary pressures from labor, transportation and commodity costs are likely to have marred the company’s first-quarter 2022 performance. The aforementioned factors are expected to have weighed on its gross and operating margins in the to-be-reported quarter.
Zacks Model
Our proven model does not conclusively predict an earnings beat for PepsiCo this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
PepsiCo has a Zacks Rank #4 and an Earnings ESP of +0.14%.
Stocks to Consider
Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat:
Hershey (HSY - Free Report) currently has an Earnings ESP of +1.84% and a Zacks Rank of 2. The company is likely to register an increase in the top and bottom lines when it reports first-quarter 2022 numbers. The consensus mark for HSY’s quarterly earnings has been unchanged in the past 30 days at $2.10 per share. The consensus estimate suggests 9.4% growth from the year-ago quarter’s reported number.
Hershey’s top line is expected to rise year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $2.48 billion, which suggests a rise of 8.2% from the figure reported in the prior-year quarter.
Turning Point Brands (TPB - Free Report) currently has an Earnings ESP of +8.57% and a Zacks Rank of 3. The company is likely to register an increase in the top line when it reports first-quarter 2022 results. The consensus mark for TPB’s quarterly revenues is pegged at $111 million, which suggests a rise of 3.1% from the figure reported in the prior-year quarter.
The Zacks Consensus Estimate for Turning Point’s first-quarter earnings has moved down 11.7% to 53 cents per share in the past seven days. The consensus estimate for TPB indicates a 33.8% decline from 80 cents reported in the year-ago quarter.
Church & Dwight Co. (CHD - Free Report) currently has an Earnings ESP of +2.69% and a Zacks Rank of 3. The company is likely to register top-line growth when it reports first-quarter 2022 earnings. The consensus mark for CHD’s quarterly revenues is pegged at $1.29 billion, which suggests 3.8% growth from the figure reported in the prior-year quarter.
The consensus mark for Church & Dwight’s quarterly earnings has moved down by a penny in the past 30 days to 76 cents per share. The consensus estimate for CHD’s first-quarter earnings suggests a decline of 8.4% from the year-ago quarter’s reported figure.
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Here's How PepsiCo (PEP) Looks Just Ahead of Q1 Earnings
PepsiCo, Inc. (PEP - Free Report) is expected to register top and bottom-line growth when it reports first-quarter 2021 numbers on Apr 26, before the opening bell. The Zacks Consensus Estimate for first-quarter revenues is pegged at $15.6 billion, implying 5.4% growth from the year-ago quarter's reported figure.
For quarterly earnings, the Zacks Consensus Estimate is pegged at $1.24, suggesting growth of 2.5% from the prior-year quarter’s reported figure. The consensus mark has moved down by a penny in the past 30 days.
In the last reported quarter, the company’s earnings met the Zacks Consensus Estimate. It has delivered an earnings surprise of 6.2%, on average, in the trailing four quarters.
PepsiCo, Inc. Price and EPS Surprise
PepsiCo, Inc. price-eps-surprise | PepsiCo, Inc. Quote
Key Factors to Note
PepsiCo has been gaining from the resilience and strength in its convenient food business and growth in the beverage category. Market share growth in the liquid refreshment beverage category has been aiding the beverage business. Meanwhile, the food business has been benefiting from share gains in salty and savory snacks, meals, and instant oatmeal, including innovative product launches like the Cheetos Mac ‘n Cheese and Quaker Protein Instant Oatmeal. Growth in both categories is likely to have aided sales and earnings in the first quarter.
The company is also expected to have benefited from resilient trends in the North America business. The PBNA segment is likely to have gained from investments in innovation, pricing and execution. Growth in its key brands like Pepsi, Mountain Dew, Gatorade, Starbucks, LifeWtr, bubly and Aquafina is likely to have aided the top line in the to-be-reported quarter.
The company has been benefiting from brand investments, go-to-market systems, supply chain, manufacturing capacity and digital capabilities to build competitive advantages. Robust pricing and volume gains have also been aiding its performance.
However, the impacts of supply-chain disruptions and inflationary pressures from labor, transportation and commodity costs are likely to have marred the company’s first-quarter 2022 performance. The aforementioned factors are expected to have weighed on its gross and operating margins in the to-be-reported quarter.
Zacks Model
Our proven model does not conclusively predict an earnings beat for PepsiCo this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
PepsiCo has a Zacks Rank #4 and an Earnings ESP of +0.14%.
Stocks to Consider
Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat:
Hershey (HSY - Free Report) currently has an Earnings ESP of +1.84% and a Zacks Rank of 2. The company is likely to register an increase in the top and bottom lines when it reports first-quarter 2022 numbers. The consensus mark for HSY’s quarterly earnings has been unchanged in the past 30 days at $2.10 per share. The consensus estimate suggests 9.4% growth from the year-ago quarter’s reported number.
Hershey’s top line is expected to rise year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $2.48 billion, which suggests a rise of 8.2% from the figure reported in the prior-year quarter.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Turning Point Brands (TPB - Free Report) currently has an Earnings ESP of +8.57% and a Zacks Rank of 3. The company is likely to register an increase in the top line when it reports first-quarter 2022 results. The consensus mark for TPB’s quarterly revenues is pegged at $111 million, which suggests a rise of 3.1% from the figure reported in the prior-year quarter.
The Zacks Consensus Estimate for Turning Point’s first-quarter earnings has moved down 11.7% to 53 cents per share in the past seven days. The consensus estimate for TPB indicates a 33.8% decline from 80 cents reported in the year-ago quarter.
Church & Dwight Co. (CHD - Free Report) currently has an Earnings ESP of +2.69% and a Zacks Rank of 3. The company is likely to register top-line growth when it reports first-quarter 2022 earnings. The consensus mark for CHD’s quarterly revenues is pegged at $1.29 billion, which suggests 3.8% growth from the figure reported in the prior-year quarter.
The consensus mark for Church & Dwight’s quarterly earnings has moved down by a penny in the past 30 days to 76 cents per share. The consensus estimate for CHD’s first-quarter earnings suggests a decline of 8.4% from the year-ago quarter’s reported figure.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.