PepsiCo did surpass earnings per share expectations, hitting an adjusted profit per share of $2.28 – higher than LSEG estimates of $2.16. While revenue rose – up 0.8% to $22.50 billion – it came short of analysts' expectations of $22.57 billion. "It's not a business to sit on its hands and there is a clear focus on profitable growth, so PepsiCo is going to have to pull various levers depending on products to try and stay on top," an investment analyst told Reuters. PepsiCo's second-quarter profits jumped bu ...

Loading... Loading... Goldman Sachs analyst Bonnie Herzog reiterated a Buy rating on the shares of PepsiCo Inc PEP with a price target of $195. PEP delivered mixed second-quarter results, with softer-than-expected organic revenue growth that was more than offset by strong gross margin expansion, leading to an EPS beat, said the analyst. According to the analyst, organic volumes were under a bit more pressure than expected, down -3%, and were sequentially lower. The Frito Lays North America segment results w ...

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PepsiCo (PEP) reported $22.5 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 0.8%. EPS of $2.28 for the same period compares to $2.09 a year ago. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. View all Key Company Metrics for PepsiCo here>>> The reported revenue represents a surprise of -0.25% over the Zacks Consen ...

PepsiCo (PEP) shares slipped in intraday trading Thursday after the company delivered mixed second-quarter results and lowered its full-year organic growth outlook. In prepared remarks, PepsiCo management discussed the impact of rising costs on consumers' ability to spend. Shares of PepsiCo slipped 1% to $162.03 as of 10:40 a.m. ET Thursday. They are down about 4.5% this year. PepsiCo reported second-quarter results that beat analysts' profit expectations but missed on revenue. The company also lowered its ...

PepsiCo (PEP) came out with quarterly earnings of $2.28 per share, beating the Zacks Consensus Estimate of $2.15 per share. This compares to earnings of $2.09 per share a year ago. These figures are adjusted for nonrecurring items. Over the last four quarters, the company has surpassed consensus EPS estimates four times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earni ...

PepsiCo Reports Second-Quarter 2024 Results; Updates 2024 Financial Guidance | --- | --- | --- | --- | |-------------------------------------------|-------|----------------|--------------| | | | | | | | | Second-Quarter | Year-to-Date | | Organic revenue growth | | 1.9% | 2.3% | | Core EPS | | $2.28 | $3.89 | | Core constant currency EPS change | | 10% | 9% | Please refer to the Glossary for the definitions of non-GAAP financial measures, including "Organic revenue growth," "Core" and "Constant currency," a ...

Loading... "Markets have memories" is an old Wall Street expression — and it's true. It means an important price level can retain its importance for a long time. As you can see on the chart, this is the case with the $162.00 level for PepsiCo Inc PEP. It had support in March and June. Now the shares are testing this level again. Sometimes stocks rally after they fall to a support level. It happened with PepsiCo these last two times and it may be about to happen once more. That's why our team of trading expe ...

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In Pictures via Getty Images Firstly, let us look at PEP stock performance in recent years. PEP stock has witnessed marginal gains from levels of $150 in early January 2021 to around $160 now, vs. an increase of about 45% for the S&P 500 over this roughly three-year period. Overall, the performance of PEP stock with respect to the index has been quite volatile. Returns for the stock were 17% in 2021, 4% in 2022, and -6% in 2023. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and ...