Quite a few brokerage firms have expected the stocks of PEP to produce a quarterly sales sum of $17.76 billion for the current quarter. According to a report, five investment analysts have already provided estimates into the earnings of the company, with the lowest coming in at $17.35 billion, and the highest coming in at $18.30 billion. The company had posted quarterly sales of $15.95 billion the previous year, which indicates an annual growth rate of about 11.3%. The firm will be putting up its next quarterly quote on the 13th of July.
The Quarterly Estimates Of PEP
PEP previously posted its quarterly results on the 14th of April. The EPS reported by the company during this period was $1.21 which was more than the consensus estimate of $1.12. The revenue generated by the company during this period was $14.82 billion, which was more than the consensus estimate of $14.54 billion. The net margin for the company was 10.51%, with the return on equity set at 58.55%.
There have been quite a few research equities that have commented on the stocks of PEP. Morgan Stanley has already increased the price target of the company from $158 to $165 with a rating of overweight in a 16th April research report. Guggenheim has also put up a rating of buy in a 1st April research report.
UBS Group has decided to increase the rating of the company from neutral to buy with a price target increased from $145 to $165 in a 21st April research report. Barclays has also increased the price rating of the company from equal weight to overweight with a price target of $151 set on the company.
One of the investment analysts involved with the company has given it a rating of sell, while five others have given the company a rating of hold. Seven other research analysts have provided the company with a rating of buy. Currently, PEP has a hold rating with a $149.23 price target.