We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is PepsiCo (PEP) a 'Buy' Ahead of Q3 Earnings Announcement?
Snack foods and beverage company PepsiCo is set to report third-quarter earnings results next Tuesday before the opening bell. The company’s portfolio includes well-known brands such as Frito-Lay, Pepsi-Cola, Gatorade, Quaker and Tropicana.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
PepsiCo (PEP - Free Report) , currently a Zacks Rank #3 (Hold), has established a long history of exceeding earnings estimates. But with market volatility on the rise heading into October, is PEP stock a buy?
The Q3 Zacks Consensus Estimate calls for earnings of $2.30 per share, reflecting a 2.2% improvement relative to the same quarter last year. The company has delivered a trailing four-quarter average earnings surprise of 4.8%.
Earnings estimates have slightly declined over the past 60 days. Sales are anticipated to have risen 2% to $23.92 billion during the third quarter.
PepsiCo’s international business continues to strengthen its overall performance. Still, PEP stock has been lagging the general market along with most staples. Investors should proceed with caution heading into the announcement.