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Pepsi (PEP - Free Report) is the focus of today’s video, as we take a quick look at the company ahead of their earnings report later this week. The company is looking pretty promising from a momentum perspective heading into the release, as strong stock prices have been seen for quite some time, while the industry rank is just inside the top 40%.

However, that isn’t the whole story, as Pepsi actually has a Zacks Rank #4 (sell) right now. PEP also just got downgraded into the ‘sell’ zone, so things are starting to turn against the company from an earnings estimate perspective.

This is especially evident when you look at the chart below. Estimates have been on a downward trajectory for much of the year, but things have come back a bit lately. This will be a case where guidance is important, as PEP has a great track record when it comes to managing expectations, making it likely to beat even with the weak rank.

PEPSICO INC Price, Consensus and EPS Surprise

PEPSICO INC Price, Consensus and EPS Surprise | PEPSICO INC Quote

PEP reports before the bell on September 29th and we are looking for earnings of $1.32/share from the company. Make sure to watch the video for a quick guide to PEP heading into the report, but if you want to trade PEP stock, make sure to watch Dave Bartosiak’s Live Trader for some option insights ahead of the release.


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