PepsiCo (PEP) to Release Quarterly Earnings on Wednesday
PepsiCo (NYSE:PEP) is scheduled to issue its Q313 quarterly earnings data on Wednesday, October 16th. Analysts expect the company to announce earnings of $1.18 per share and revenue of $17.03 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.
PepsiCo (NYSE:PEP) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.19 by $0.09. The company had revenue of $16.81 million for the quarter, compared to the consensus estimate of $16.79 billion. During the same quarter last year, the company posted $1.12 earnings per share. PepsiCo’s revenue was up 2.1% compared to the same quarter last year. On average, analysts expect PepsiCo to post $4.35 EPS for the current fiscal year and $4.72 EPS for the next fiscal year.
PepsiCo (NYSE:PEP) opened at 81.09 on Tuesday. PepsiCo has a one year low of $67.39 and a one year high of $87.06. The stock’s 50-day moving average is $80.10 and its 200-day moving average is $81.7. The company has a market cap of $125.1 billion and a price-to-earnings ratio of 19.04. PepsiCo also saw unusually large options trading on Monday. Investors acquired 6,777 call options on the stock. This is an increase of approximately 325% compared to the average daily volume of 1,596 call options.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of PepsiCo in a research note to investors on Tuesday, October 8th. On the ratings front, analysts at JPMorgan Chase & Co. raised their price target on shares of PepsiCo from $92.00 to $95.00 in a research note to investors on Wednesday, October 2nd. They now have an “overweight” rating on the stock. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $87.02.
PepsiCo, Inc (NYSE:PEP) is a global food and beverage company.
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