Quite a few brokerages have predicted that the stocks of PEP would be posting a sales sum of $17.76 billion for this quarter. Accordingly, five investment analysts have also put forward the earnings estimates for the company, with the lowest coming in at $17.35 billion, and the highest coming in at $18.30 billion. The sales sum posted by the company the previous year was $15.95 billion, which indicates an annual growth rate of about 11.3%. The company will be posting its next quarterly results on the 13th of July.
The Quarterly Estimates Of PEP
The stocks of PEP did produce their previous quarterly updates 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 net margin of the company is 10.27%, with a 56.28% return on equity. The revenue generated by the company during this period was $14.82 billion, which was more than the consensus estimate of $14.54 billion.
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 22nd April research note. Wolfe Research has also put up a rating of peer perform on the stock. Barclays has increased the rating of the company from equal weight to overweight along with a price target of $151 on the stock in a 29th March research report. Guggenheim has also reaffirmed their rating of buy in a 1st April research note.
One of the investment analysts covering the firm has already given it a rating of sell, while five others have assigned the company a rating of hold. Seven others have issued the company a rating of buy. Currently, PEP has a hold rating with a $149.23 price target.