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PepsiCo (PEP) Stock Moves -0.28%: What You Should Know

·3 min read

In the latest trading session, PepsiCo (PEP) closed at $168.44, marking a -0.28% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.71%. Meanwhile, the Dow lost 1.7%, and the Nasdaq, a tech-heavy index, lost 0.07%.

Heading into today, shares of the food and beverage company had lost 5.3% over the past month, outpacing the Consumer Staples sector's loss of 6.72% and the S&P 500's loss of 8.68% in that time.

Investors will be hoping for strength from PepsiCo as it approaches its next earnings release, which is expected to be October 12, 2022. The company is expected to report EPS of $1.84, up 2.79% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $20.83 billion, up 3.18% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.66 per share and revenue of $83.92 billion. These totals would mark changes of +6.39% and +5.6%, respectively, from last year.

Any recent changes to analyst estimates for PepsiCo should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.05% higher within the past month. PepsiCo is currently a Zacks Rank #2 (Buy).

Valuation is also important, so investors should note that PepsiCo has a Forward P/E ratio of 25.36 right now. This valuation marks a premium compared to its industry's average Forward P/E of 24.31.

Meanwhile, PEP's PEG ratio is currently 3.31. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Beverages - Soft drinks stocks are, on average, holding a PEG ratio of 3.16 based on yesterday's closing prices.

The Beverages - Soft drinks industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 71, which puts it in the top 29% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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