Keurig Dr Pepper expected to report Q2 results with potential for growth

From Nasdaq: 2024-07-24 22:04:22

Keurig Dr Pepper (KDP) is set to report Q2 2024 results, with expected revenues of $3.9 billion and earnings of $0.45 per share. Stock performance has been inconsistent in recent years, underperforming the S&P 500. Despite challenges, KDP stock has room for growth, with a valuation estimate of $38 per share.

In the previous quarter, KDP saw a 3.4% y-o-y rise in revenue driven by growth in Refreshment Beverages and International segments. Q2 is expected to see around 3% y-o-y top-line growth. Better price realization and international expansion will benefit KDP, but U.S. Coffee segment sales may decline.

While KDP stock has potential for growth, it’s crucial to compare with peers. Returns for KDP have been -2% MTD and -2% YTD in July 2024. This is in contrast to a 2% return for the S&P 500. Assessing peer comparisons and market conditions will be key in determining KDP’s performance.



Read more at Nasdaq: Will Margin Growth Aid Keurig Dr Pepper’s Q2?