PepsiCo Shines Amid Volatility: Analyst Consensus Points To Solid Earnings But Volume Growth Concerns Linger
Portfolio Pulse from Shivani Kumaresan
PepsiCo Inc (NASDAQ:PEP) reported Q3 FY23 results with sales growth of 6.7% YoY to $23.45 billion, beating the analyst consensus. Adjusted EPS of $2.25 also beat the consensus estimate of $2.15. RBC Capital and Morgan Stanley maintained their ratings, while Bernstein noted that the company's guidance for 2024 was surprisingly high. However, concerns about volume growth persist.
October 11, 2023 | 6:40 pm
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NEUTRAL IMPACT
PepsiCo's Q3 FY23 results beat estimates, but concerns about volume growth persist. Analysts maintain their ratings.
PepsiCo's Q3 FY23 results exceeded expectations, which is positive for the stock. However, concerns about volume growth could limit the stock's upside potential. Analysts' maintained ratings indicate a neutral outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100