PepsiCo earnings beat by $0.02, revenue fell short of estimates

investing.com 08/10/2024 - 10:03 AM

PepsiCo Q3 Earnings Report

Investing.com – PepsiCo (NASDAQ: PEP) reported third quarter EPS of $2.31, exceeding the analyst estimate of $2.29 by $0.02. Revenue for the quarter was $23.32 billion, compared to the consensus estimate of $23.9 billion.

Guidance

PepsiCo forecasts FY 2024 EPS of $8.15, slightly above the analyst consensus of $8.14.

PepsiCo's stock closed at $167.21, reflecting a 1.99% increase over the last 3 months and a 3.63% increase over the last 12 months.

In the past 90 days, PepsiCo experienced 0 positive EPS revisions and 14 negative EPS revisions. For more information, see PepsiCo's stock price reactions to earnings.

According to InvestingPro, PepsiCo's Financial Health score indicates "good performance".

Stay informed on upcoming earnings reports by visiting Investing.com's earnings calendar.




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