PepsiCo is scheduled to report quarterly financial results on July 11.
PepsiCo (NYSE: PEP) will report its Q2 2024 results on Thursday, July 11. We expect the company's revenues to come in at $22.8 billion and earnings at $2.15 on a per share and adjusted basis, broadly aligning with the consensus estimates of $22.7 billion and $2.16, respectively.
Although the pundit cut his price target he still feels the shares have double-digit upside. The beverage and snacks conglomerate is reliably, and robustly, profitable.
PepsiCo, Inc. PEP will release its second-quarter financial results, before the opening bell on Thursday, July 11.
PepsiCo Inc (NASDAQ:PEP, ETR:PEP)'s financial outlook faces mounting pressures as the food and beverage industry continues to grapple with weak demand, according to a recent note from Bank of America. The consumer goods giant may soon be forced to choose between stretching its profit and loss statement to meet earnings per share (EPS) targets or easing its pursuit of those targets to prevent deep cost-cutting measures, analysts wrote.
Most investors fail to realize that a stock price has nothing to do with the underlying company, as more than 90% of the time, there is a wide gap between value and price. How come businesses like PepsiCo Inc. NASDAQ: PEP, which have a solid global presence with sales coming in almost auto-pilot mode, are trading at 5% over its 52-week low price?
A strong beverage unit and its international units' momentum to aid PepsiCo's (PEP) Q2 results. However, recall-related woes are likely to have hurt.
PepsiCo, Inc. PEP is scheduled to release its second-quarter financial results, before the opening bell on Thursday, July 11.
PepsiCo has slid to near its 52-week low. The company's brand power, dividend, and growth outlook are healthy.
PepsiCo has underperformed due to cyclical vulnerabilities, but remains attractively priced and has strong cash management. Despite challenges, PEP has grown net revenue and free cash flow, with potential for dividend growth as conditions improve. PEP's valuation suggests upside potential, with a discounted cash flow indicating a fair value of about $188 per share.
PepsiCo Inc (NASDAQ:PEP, ETR:PEP) faces negative sentiment going into its second quarter earnings report which is not expected to represent a meaningful positive catalyst for the beverage giant, analysts at UBS believe. The analysts see Pepsi posting earnings per share (EPS) of $2.15, in line with the consensus.
A sell-off in shares of PepsiCo in recent months presents a buying opportunity. The stock looks undervalued, trading at a discount to its historical earnings premium.