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PepsiCo (PEP) Stock Slides as Market Rises: Facts to Know Before You Trade
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PepsiCo (PEP - Free Report) closed the most recent trading day at $146.20, moving -1.04% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.58% for the day. Meanwhile, the Dow gained 0.05%, and the Nasdaq, a tech-heavy index, added 0.91%.
Shares of the food and beverage company have depreciated by 4.86% over the course of the past month, underperforming the Consumer Staples sector's gain of 5.03%, and the S&P 500's gain of 4.96%.
The investment community will be paying close attention to the earnings performance of PepsiCo in its upcoming release. On that day, PepsiCo is projected to report earnings of $2.2 per share, which would represent year-over-year growth of 3.77%. Our most recent consensus estimate is calling for quarterly revenue of $23.82 billion, up 4.83% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $8.63 per share and a revenue of $98.69 billion, representing changes of +6.02% and +5.08%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for PepsiCo. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.05% lower. PepsiCo is holding a Zacks Rank of #3 (Hold) right now.
From a valuation perspective, PepsiCo is currently exchanging hands at a Forward P/E ratio of 17.12. Its industry sports an average Forward P/E of 17.78, so one might conclude that PepsiCo is trading at a discount comparatively.
Meanwhile, PEP's PEG ratio is currently 2.68. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Beverages - Soft drinks industry was having an average PEG ratio of 1.98.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 160, which puts it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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PepsiCo (PEP) Stock Slides as Market Rises: Facts to Know Before You Trade
PepsiCo (PEP - Free Report) closed the most recent trading day at $146.20, moving -1.04% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.58% for the day. Meanwhile, the Dow gained 0.05%, and the Nasdaq, a tech-heavy index, added 0.91%.
Shares of the food and beverage company have depreciated by 4.86% over the course of the past month, underperforming the Consumer Staples sector's gain of 5.03%, and the S&P 500's gain of 4.96%.
The investment community will be paying close attention to the earnings performance of PepsiCo in its upcoming release. On that day, PepsiCo is projected to report earnings of $2.2 per share, which would represent year-over-year growth of 3.77%. Our most recent consensus estimate is calling for quarterly revenue of $23.82 billion, up 4.83% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $8.63 per share and a revenue of $98.69 billion, representing changes of +6.02% and +5.08%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for PepsiCo. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.05% lower. PepsiCo is holding a Zacks Rank of #3 (Hold) right now.
From a valuation perspective, PepsiCo is currently exchanging hands at a Forward P/E ratio of 17.12. Its industry sports an average Forward P/E of 17.78, so one might conclude that PepsiCo is trading at a discount comparatively.
Meanwhile, PEP's PEG ratio is currently 2.68. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Beverages - Soft drinks industry was having an average PEG ratio of 1.98.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 160, which puts it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.