PepsiCo (PEP) Gains As Market Dips: What You Should Know
PepsiCo (PEP) closed at $156.39 in the latest trading session, marking a +0.25% move from the prior day. This move outpaced the S&P 500's daily loss of 0.14%. Heading into today, shares of the food and beverage company had lost 0.2% over the past month, trading in line with the Consumer Staples sector and lagging the S&P 500's gain of 3.13% in that time. PEP will be looking to display strength as it nears its next earnings release, which is expected to be October 5, 2021. The company is expected to report EPS of $1.72, up 3.61% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $19.37 billion, up 7.1% from the year-ago period. PEP's full-year Zacks Consensus Estimates are calling for earnings of $6.24 per share and revenue of $77.27 billion. These results would represent year-over-year changes of +13.04% and +9.8%, respectively. It is also important to note the recent changes to analyst estimates for PEP. These revi