Reported about 12 hours ago
PepsiCo (PEP) reported quarterly earnings of $1.96 per share, surpassing the estimated $1.95, and up from $1.78 a year ago, marking a 0.51% earnings surprise. However, revenues of $27.78 billion fell slightly short of expectations. While the company has consistently beaten EPS estimates, its recent stock performance has been underwhelming, raising questions about its future amid unfavorable earnings outlook revisions. Overall, the stock currently holds a Zacks Rank #4 (Sell), suggesting potential underperformance in the near term.
Source: YAHOO