PepsiCo (PEP) Laps the Stock Market: Here's Why

Company Overview - PepsiCo's stock closed at $131.92, reflecting a gain of +0.96% from the previous trading session, outperforming the S&P 500's daily gain of 0.4% [1] - Over the past month, PepsiCo's shares have declined by 3.62%, underperforming the Consumer Staples sector's gain of 1.13% and the S&P 500's gain of 6.69% [1] Upcoming Earnings - PepsiCo is projected to report earnings of $2.04 per share, indicating a year-over-year decline of 10.53% [2] - The consensus estimate for revenue is $22.37 billion, reflecting a 0.6% decline compared to the same quarter last year [2] Full Year Projections - For the full year, earnings are estimated at $7.87 per share, representing a decline of 3.55%, while revenue is projected at $92.2 billion, showing a slight increase of 0.38% from the previous year [3] Analyst Estimates and Rankings - Recent adjustments to analyst estimates for PepsiCo indicate evolving short-term business trends, with positive revisions suggesting a favorable outlook on the company's health and profitability [4] - The Zacks Rank system currently rates PepsiCo at 4 (Sell), with a recent 0.18% decline in the Zacks Consensus EPS estimate [6] Valuation Metrics - PepsiCo's Forward P/E ratio stands at 16.6, which is below the industry average of 20.15 [7] - The PEG ratio for PepsiCo is 3.75, compared to the average PEG ratio of 2.54 for the Beverages - Soft drinks industry [7] Industry Context - The Beverages - Soft drinks industry is part of the Consumer Staples sector and holds a Zacks Industry Rank of 50, placing it in the top 21% of over 250 industries [8]