Pepsico (NYSE: PEP ) is expected to report Q3 earnings on Oct. 17. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Pepsico's revenues will wane -3.6% and EPS will wither -11.5%.
The average estimate for revenue is $16.96 billion. On the bottom line, the average EPS estimate is $1.16.
Last quarter, Pepsico logged revenue of $16.46 billion. GAAP reported sales were 2.2% lower than the prior-year quarter's $16.83 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $1.12. GAAP EPS of $0.94 for Q2 were 20% lower than the prior-year quarter's $1.17 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 51.9%, 80 basis points worse than the prior-year quarter. Operating margin was 14.9%, 180 basis points worse than the prior-year quarter. Net margin was 9.0%, 220 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $65.74 billion. The average EPS estimate is $4.07.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 4,397 members out of 4,547 rating the stock outperform, and 150 members rating it underperform. Among 1,193 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,164 give Pepsico a green thumbs-up, and 29 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pepsico is outperform, with an average price target of $71.64.
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