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Will PepsiCo Beat The Consensus In Q1? [Forbes]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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US:NASDAQ Investor Relations: abc.xyz/investor
Santiago/Getty Images) PepsiCo (NYSE: PEP) will report its Q1 2024 results on Tuesday, April 23. We expect the company's adjusted revenues to come in at $18.2 billion and earnings at $1.55 on a per share and adjusted basis. This is slightly ahead of the consensus estimates of $18.1 billion and $1.52, respectively. PepsiCo PEP likely continued to benefit from better pricing initiatives, especially for its smaller size variants. Not only do we think that the company will navigate well in Q1, we believe its stock has some room left for growth. Our interactive dashboard analysis of PepsiCo's Earnings Preview has more details on how the company's revenues and earnings will likely trend for the quarter. So, what are some of the trends that are likely to drive PepsiCo's results? Firstly, let us look at PEP stock performance in recent years. PEP stock has witnessed gains of 15% from levels of $150 in early January 2021 to around $170 now, vs. an increase of about 35% for the S&P 500 over
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