Pepsi Q3 Earnings Preview: Can The Beverage Giant Keep Beating Expectations and Boost Revenue Growth?
Portfolio Pulse from Chris Katje
PepsiCo Inc (NASDAQ:PEP) is set to report its Q3 earnings, with analysts expecting revenue of $23.83 billion and EPS of $2.29. The company has a history of beating earnings estimates but has missed revenue estimates in two of the last three quarters. Recent analyst ratings have adjusted price targets slightly. PepsiCo's acquisition of Siete Foods for $1.2 billion could impact its presence in the healthier snack market. The company's performance in North America and potential guidance updates are key areas to watch.
October 07, 2024 | 9:10 pm
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PepsiCo is expected to report Q3 revenue of $23.83B and EPS of $2.29. The company has a strong track record of beating EPS estimates but has missed revenue estimates recently. Analysts have slightly adjusted price targets. The acquisition of Siete Foods could enhance PepsiCo's position in the healthier snack market.
PepsiCo's consistent performance in beating EPS estimates suggests a positive outlook. The acquisition of Siete Foods could strengthen its market position, potentially boosting future revenue. Analysts' slight adjustments in price targets indicate cautious optimism. The upcoming earnings report and guidance updates are critical for short-term stock movement.
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