Keurig Dr Pepper Q3 2024 Adj EPS $0.51, Inline, Sales $3.89B Miss $3.93B Estimate
Portfolio Pulse from Benzinga Newsdesk
Keurig Dr Pepper reported Q3 2024 earnings per share of $0.51, meeting analyst expectations. However, the company's sales of $3.89 billion fell short of the $3.93 billion estimate, despite a 2.26% increase from the previous year.
October 24, 2024 | 11:01 am
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NEUTRAL IMPACT
Keurig Dr Pepper's Q3 2024 earnings per share met expectations, but sales missed estimates, which could lead to a neutral to slightly negative short-term impact on the stock.
The earnings per share meeting expectations is a positive, but the sales miss, albeit slight, could weigh on investor sentiment. The 2.26% year-over-year sales growth is a positive sign, but the miss against estimates may lead to a neutral to slightly negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100