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PepsiCo (PEP) Beats on Q1 Earnings & Revenues Estimates
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PepsiCo, Inc. (PEP - Free Report) is one of the largest food and beverage business in North America and the second largest in the world. The company boasts a diverse portfolio, both geographically and product wise. Its principal brands/businesses include: Frito-Lay snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices and Quaker foods. The company has the competitive advantage of selling both snacks and beverages which are complementary food categories.
However, growing health and wellness consciousness is hurting carbonated soft drinks or CSD category growth.
Investors should note that the earnings estimates for PEP have moved 0.2% for 2018 while it remained stable for 2019, over the past 30 days. PEP has an impressive earnings surprise history. It has delivered positive earnings surprises in all the past four quarters, bringing the average to a positive surprise of 4.05%.
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
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PepsiCo (PEP) Beats on Q1 Earnings & Revenues Estimates
PepsiCo, Inc. (PEP - Free Report) is one of the largest food and beverage business in North America and the second largest in the world. The company boasts a diverse portfolio, both geographically and product wise. Its principal brands/businesses include: Frito-Lay snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices and Quaker foods. The company has the competitive advantage of selling both snacks and beverages which are complementary food categories.
However, growing health and wellness consciousness is hurting carbonated soft drinks or CSD category growth.
Investors should note that the earnings estimates for PEP have moved 0.2% for 2018 while it remained stable for 2019, over the past 30 days. PEP has an impressive earnings surprise history. It has delivered positive earnings surprises in all the past four quarters, bringing the average to a positive surprise of 4.05%.
Currently, PEP has a Zacks Rank #3 (Hold), but that could definitely change following Pepsi’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: PEP beat on earnings. Our consensus earnings estimate called for EPS of 92 cents/share, and the company reported core EPS of 96 cents/share.
Revenues: PEP reported revenues of $12.41 billion. This surpassed the Zacks Consensus Estimate of $12.6 billion.
Key Stats to Note: Revenues increased 2.3% on an organic basis, same as the previous quarter.
Check back later for our full write up on this PEP earnings report later!
Pepsico, Inc. Price and EPS Surprise
Pepsico, Inc. Price and EPS Surprise | Pepsico, Inc. Quote
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>