PepsiCo Q1 Earnings Preview: Can Beverage Giant Keep Streak Of EPS Beats Alive? One Analyst Cautions On Salty Snacks
Portfolio Pulse from Chris Katje
PepsiCo Inc (NASDAQ:PEP) is anticipated to report Q1 financial results with expected revenue of $18.08 billion and EPS of $1.52, aiming to continue its streak of beating estimates. However, a Quaker recall and a slowdown in salty snacks sales may impact results. Analysts have mixed views, with Wedbush slightly trimming revenue estimates but maintaining an Outperform rating and a $195 price target. Other analysts from Barclays, Jefferies, and Morgan Stanley have provided optimistic ratings and price targets. Pepsi shares have risen 4% YTD ahead of the earnings report.
April 22, 2024 | 9:44 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
PepsiCo is expected to report strong Q1 results with a slight concern over salty snacks impacting performance. Analysts remain optimistic, with positive ratings and price targets.
PepsiCo's consistent history of beating earnings estimates, combined with positive analyst ratings and price targets, suggests a likely positive short-term impact on its stock price. However, concerns over a slowdown in salty snacks could temper gains, hence the importance and confidence scores are not at the maximum.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100