Keurig Dr Pepper Inc. (NASDAQ:KDP ) Q3 2024 Earnings Call October 24, 2024 8:00 AM ET Company Participants Jane Gelfand - Head, Investor Relations Tim Cofer - Chief Executive Officer Sudhanshu Priyadarshi - Chief Financial Officer and President, International Conference Call Participants Kaumil Gajrawala - Jefferies Brett Cooper - Consumer Edge Research Dara Mohsenian - Morgan Stanley Chris Carey - Wells Fargo Securities Robert Ottenstein - Evercore Operator Good morning, ladies and gentlemen and thank you for standing by. Welcome to Keurig Dr Pepper's Earnings Call for the Third Quarter of 2024.
The beverage giant came up short on the top line and surprised investors with an acquisition.
While the top- and bottom-line numbers for Keurig Dr Pepper (KDP) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Keurig Dr Pepper, Inc (KDP) came out with quarterly earnings of $0.51 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.48 per share a year ago.
Keurig Dr Pepper has struck a deal to acquire energy-drink maker Ghost for more than $1 billion, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
The energy-drink market includes bigger rivals Monster Beverage and Celsius.
Evaluate the expected performance of Keurig Dr Pepper (KDP) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Keurig Dr Pepper's innovation, portfolio expansion, and Refreshment Beverages growth position it well for strong Q3 earnings.
Keurig Dr Pepper (KDP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Keurig Dr Pepper shows promising growth potential with a diversified portfolio, strong market share gains, and expected high-single digit earnings growth through 2030. Despite being smaller than Coca-Cola and PepsiCo, KDP's improved margins and competitive earnings growth make it an attractive investment at a lower valuation. KDP's dividend yield of 2.5% and consistent dividend growth, combined with potential multiple expansion, could lead to total returns in the low-double digits.
Keurig Dr Pepper gains from brand strength, pricing actions and solid performance in its Refreshment Beverages segment.
Keurig Dr Pepper (KDP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).