Keurig Dr Pepper Q2 Adj. EPS $0.42 Beats $0.40 Estimate, Sales $3.79B Beat $3.69B Estimate
Portfolio Pulse from Benzinga Newsdesk
Keurig Dr Pepper (NASDAQ:KDP) reported Q2 earnings of $0.42 per share, beating the analyst consensus estimate of $0.40 by 5 percent. This is a 7.69 percent increase from the same period last year. The company also reported quarterly sales of $3.79 billion, beating the analyst consensus estimate of $3.69 billion by 2.68 percent, a 6.61 percent increase from the same period last year.
July 27, 2023 | 11:01 am
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POSITIVE IMPACT
Keurig Dr Pepper reported better than expected Q2 earnings and sales, which could positively impact its stock price in the short term.
Keurig Dr Pepper's Q2 earnings and sales exceeded analyst estimates, which is typically a positive signal for investors and can lead to an increase in the stock price. The company's earnings per share increased by 7.69% YoY and sales increased by 6.61% YoY, indicating strong performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100