PepsiCo Inc reports results for the quarter ended June 30 - Earnings Summary

• PepsiCo Inc PEP reported quarterly adjusted earnings of $2.12​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $2.28. The mean expectation of fifteen analysts for the quarter was for earnings of $2.03 per share. Wall Street expected results to range from $2.00 to $2.06 per share.

• Revenue rose 1% to $22.73 billion from a year ago; analysts expected $22.28 billion.

• PepsiCo Inc's reported EPS for the quarter was 92 cents​.

• The company reported quarterly net income of $1.26 billion.

• PepsiCo Inc shares had risen by 2.5% this quarter and lost 11.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 11.9% in the last three months.​

• In the last 30 days, nine analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 17 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the non-alcoholic beverages peer group is "buy."

• Wall Street's median 12-month price target for PepsiCo Inc is $146.00, about 7.3% above its last closing price of $135.35

This summary was machine generated from LSEG data July 17 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)