Analysts lower Q3 earnings expectations for PepsiCo, suggesting investors wait before buying shares.

From Zacks Investment Research: 2024-10-04 20:44:33

The Q3 earnings season is approaching, with PepsiCo set to report next week. Analysts have lowered earnings expectations slightly, with a $2.30 Zacks Consensus EPS estimate suggesting 2.2% growth from last year. Revenue expectations are also down, with $23.9 billion expected, reflecting a 1.9% increase from last year. Shares have not performed well in 2024, trading sideways with a 1.2% increase. The current 19.6X forward 12-month earnings multiple is lower than historical averages. Investors are advised to wait and see how the earnings report impacts PEP shares.



Read more at Zacks Investment Research: Should Investors Buy PepsiCo (PEP) Shares Before Earnings? – October 4, 2024