Keurig Dr Pepper Q1 2024 Adj EPS $0.38 Beats $0.35 Estimate, Sales $3.470B Beat $3.407B Estimate
Portfolio Pulse from Benzinga Newsdesk
Keurig Dr Pepper (KDP) reported Q1 2024 adjusted EPS of $0.38, surpassing the $0.35 estimate, with sales of $3.470B exceeding the $3.407B forecast. This represents a 3.49% increase in sales compared to the same period last year.
April 25, 2024 | 11:02 am
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POSITIVE IMPACT
Keurig Dr Pepper reported a strong Q1 2024 performance with both earnings and sales exceeding analyst expectations, indicating robust financial health.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can drive the stock price up in the short term. The reported growth in sales compared to the same period last year further strengthens the case for a positive outlook on KDP's stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100