PEP - PepsiCo Q1 Earnings And Revenues Beat Estimates | Benzinga
PepsiCo (NASDAQ: PEP) came out with quarterly earnings of $1.61 per share, beating the Zacks Consensus Estimate of $1.52 per share. This compares to earnings of $1.50 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 5.92%. A quarter ago, it was expected that this food and beverage company would post earnings of $1.72 per share when it actually produced earnings of $1.78, delivering a surprise of 3.49%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
PepsiCo, which belongs to the Zacks Beverages - Soft drinks industry, posted revenues of $18.25 billion for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 0.62%. This compares to year-ago revenues of $17.85 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
PepsiCo shares have added about ...