Time New York: Fri 18 Jan 21:40 pm  |  Save 15% on H&R Block Online


PepsiCo (PEP) Beats on Q4 Earnings & Revenues Estimates


PepsiCo, Inc. PEP is one of the largest food and beverage business in North America and the second largest in the world. The company boasts a diverse portfolio, both geographically and product wise. Its principal brands/businesses include: Frito-Lay snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices and Quaker foods. The company has the competitive advantage of selling both snacks and beverages which are complementary food categories.

However, growing health and wellness consciousness is hurting carbonated soft drinks or CSD category growth.

Investors should note that the earnings estimate for PEP have remained stable over the past 30 days for 2018. PEP has an impressive earnings surprise history. It has delivered positive earnings surprises in all the past four quarters, bringing the average to a positive surprise of 4.72%.

Currently, PEP has a Zacks Rank #3 (Hold), but that could definitely change following Pepsi’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: PEP beat earnings. Our consensus earnings estimate called for EPS of $1.30/share, and the company reported core EPS of $1.31/share.

Revenues: PEP reported revenues of $19.53 billion. This surpassed the Zacks Consensus Estimate of $19.44 billion.

Key Stats to Note: Revenues increased 2.3% on an organic basis, better than 1.7% in the previous quarter.

Check back later for our full write up on this PEP earnings report later!

Pepsico, Inc. Price and EPS Surprise

Pepsico, Inc. Price and EPS Surprise | Pepsico, Inc. Quote

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.