Keurig Dr Pepper, Inc (KDP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Keurig Dr Pepper, Inc (KDP) reported $3.81 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 5.1%. EPS of $0.48 for the same period compares to $0.46 a year ago.
The reported revenue represents a surprise of +0.78% over the Zacks Consensus Estimate of $3.78 billion. With the consensus EPS estimate being $0.47, the EPS surprise was +2.13%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Keurig Dr Pepper, Inc performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- U.S. Coffee: $1.01 billion compared to the $1.03 billion average estimate based on four analysts. The reported number represents a change of -16.3% year over year.
Net Sales- International: $523 million versus $469.15 million estimated by four analysts on average.
Net Sales- U.S. Refreshment Beverages: $2.27 billion versus the four-analyst average estimate of $2.28 billion. The reported number represents a year-over-year change of +394.6%.
View all Key Company Metrics for Keurig Dr Pepper, Inc here>>>
Shares of Keurig Dr Pepper, Inc have returned -8.1% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Keurig Dr Pepper, Inc (KDP) : Free Stock Analysis Report
