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PepsiCo (PEP) Gains But Lags Market: What You Should Know
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PepsiCo (PEP - Free Report) closed the most recent trading day at $166.13, moving +1.24% from the previous trading session. This change lagged the S&P 500's 3.06% gain on the day. Meanwhile, the Dow gained 2.68%, and the Nasdaq, a tech-heavy index, lost 0.08%.
Coming into today, shares of the food and beverage company had lost 3.53% in the past month. In that same time, the Consumer Staples sector lost 1.3%, while the S&P 500 lost 4.31%.
Wall Street will be looking for positivity from PepsiCo as it approaches its next earnings report date. This is expected to be July 12, 2022. The company is expected to report EPS of $1.72, unchanged from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $19.77 billion, up 2.85% from the year-ago period.
PEP's full-year Zacks Consensus Estimates are calling for earnings of $6.64 per share and revenue of $83.27 billion. These results would represent year-over-year changes of +6.07% and +4.77%, respectively.
Any recent changes to analyst estimates for PepsiCo should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. PepsiCo is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, PepsiCo is holding a Forward P/E ratio of 24.71. This valuation marks a premium compared to its industry's average Forward P/E of 20.82.
It is also worth noting that PEP currently has a PEG ratio of 3.26. 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 2.81 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 167, which puts it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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PepsiCo (PEP) Gains But Lags Market: What You Should Know
PepsiCo (PEP - Free Report) closed the most recent trading day at $166.13, moving +1.24% from the previous trading session. This change lagged the S&P 500's 3.06% gain on the day. Meanwhile, the Dow gained 2.68%, and the Nasdaq, a tech-heavy index, lost 0.08%.
Coming into today, shares of the food and beverage company had lost 3.53% in the past month. In that same time, the Consumer Staples sector lost 1.3%, while the S&P 500 lost 4.31%.
Wall Street will be looking for positivity from PepsiCo as it approaches its next earnings report date. This is expected to be July 12, 2022. The company is expected to report EPS of $1.72, unchanged from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $19.77 billion, up 2.85% from the year-ago period.
PEP's full-year Zacks Consensus Estimates are calling for earnings of $6.64 per share and revenue of $83.27 billion. These results would represent year-over-year changes of +6.07% and +4.77%, respectively.
Any recent changes to analyst estimates for PepsiCo should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. PepsiCo is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, PepsiCo is holding a Forward P/E ratio of 24.71. This valuation marks a premium compared to its industry's average Forward P/E of 20.82.
It is also worth noting that PEP currently has a PEG ratio of 3.26. 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 2.81 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 167, which puts it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.