Earnings Preview: PepsiCo
Global beverage and snack company PepsiCo (NYSE: PEP) is set to release its quarterly earnings results on Wednesday prior to the opening bell. Heading into the report, Wall Street analysts have consensus earnings per share estimates of $1.16. This compares to the $1.31 that PepsiCo reported in last year's corresponding quarter. The high earnings estimate is $1.19 with a low estimate of $1.14.
Revenues for the period are expected to be $16.90 billion, representing a 3.90 percent decline versus last year. The low revenue estimate is $16.59 billion with a high estimate of $17.22 billion.
Over the last three months, earnings estimates for PepsiCo have fallen by four cents from $1.20. Over this time period, the stock has remained flat. Year-to-date, PEP is up a little better than 6 percent. On Tuesday ahead of the key earnings report, shares were up around 0.10 percent to $70.41.
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