Pepsi Q3 Earnings Preview: Will Beverage Giant See Shares Lose More Weight In 2023?
Portfolio Pulse from Chris Katje
PepsiCo is set to report its Q3 financial results on October 10, 2023, with analysts expecting a revenue of $23.43 billion and a profit of $2.15 per share. However, the company's sales and investor momentum could be affected by new weight loss drugs. Several analysts have lowered their price targets for PepsiCo, citing concerns about pricing, volume, and macro risks such as rising CPI levels and gas prices. PepsiCo's rival, The Coca-Cola Company, is also set to report earnings on October 24.
October 09, 2023 | 4:49 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The Coca-Cola Company, a rival of PepsiCo, is set to report its earnings on October 24. The company's performance could also be affected by the impact of new weight loss drugs on the beverage industry.
As a rival of PepsiCo, The Coca-Cola Company could also be affected by the potential impact of new weight loss drugs on the beverage industry. This could negatively affect the company's stock performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
PepsiCo's Q3 results are expected to show increased revenue and profit. However, the company's sales could be affected by new weight loss drugs, and several analysts have lowered their price targets for the stock.
The expected increase in PepsiCo's Q3 revenue and profit could be overshadowed by the potential impact of new weight loss drugs on the company's sales. This, combined with lowered price targets from analysts, could negatively affect the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100