PepsiCo Earnings Exceed Expectations by $0.02, While Revenue Misses Estimates

PepsiCo reported its third-quarter earnings per share (EPS) at $2.31, which is $0.02 higher than the analyst estimate of $2.29. The company’s revenue for the quarter was $23.32 billion, slightly below the consensus estimate of $23.9 billion.

Guidance

For fiscal year 2024, PepsiCo projects an EPS of $8.15, compared to the analyst consensus estimate of $8.14.

PepsiCo’s stock price closed at $167.21, marking a 1.99% increase over the past three months and a 3.63% rise over the past year.

In the last 90 days, the company experienced no positive EPS revisions but had 14 negative revisions.

According to financial assessments, PepsiCo’s Financial Health score is categorized as "good performance."

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