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The latest trading session saw PepsiCo (PEP - Free Report) ending at $169.11, denoting a +0.1% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily gain of 1.41%. Elsewhere, the Dow gained 0.58%, while the tech-heavy Nasdaq added 2.2%.
Coming into today, shares of the food and beverage company had gained 1.97% in the past month. In that same time, the Consumer Staples sector gained 2.02%, while the S&P 500 gained 2.9%.
Market participants will be closely following the financial results of PepsiCo in its upcoming release. The company plans to announce its earnings on February 9, 2024. The company is expected to report EPS of $1.72, up 2.99% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $28.26 billion, indicating a 0.95% growth compared to the corresponding quarter of the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for PepsiCo. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.04% increase. Right now, PepsiCo possesses a Zacks Rank of #2 (Buy).
Looking at valuation, PepsiCo is presently trading at a Forward P/E ratio of 20.82. This indicates a premium in contrast to its industry's Forward P/E of 18.79.
Meanwhile, PEP's PEG ratio is currently 2.53. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Beverages - Soft drinks industry had an average PEG ratio of 2.09.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 24, placing it within the top 10% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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) Rises Yet Lags Behind Market: Some Facts Worth Knowing
The latest trading session saw PepsiCo (PEP - Free Report) ending at $169.11, denoting a +0.1% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily gain of 1.41%. Elsewhere, the Dow gained 0.58%, while the tech-heavy Nasdaq added 2.2%.
Coming into today, shares of the food and beverage company had gained 1.97% in the past month. In that same time, the Consumer Staples sector gained 2.02%, while the S&P 500 gained 2.9%.
Market participants will be closely following the financial results of PepsiCo in its upcoming release. The company plans to announce its earnings on February 9, 2024. The company is expected to report EPS of $1.72, up 2.99% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $28.26 billion, indicating a 0.95% growth compared to the corresponding quarter of the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for PepsiCo. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.04% increase. Right now, PepsiCo possesses a Zacks Rank of #2 (Buy).
Looking at valuation, PepsiCo is presently trading at a Forward P/E ratio of 20.82. This indicates a premium in contrast to its industry's Forward P/E of 18.79.
Meanwhile, PEP's PEG ratio is currently 2.53. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Beverages - Soft drinks industry had an average PEG ratio of 2.09.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 24, placing it within the top 10% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.