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Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Eva Ados, ERShares chief investment strategist, joins 'Power Lunch' to discuss stock plays for three stocks.
PepsiCo (PEP) executives said they're seeing a “slower” recovery of the U.S. consumer as the snack-and-drink giant turned in its latest quarterly results, one of the first major reports to arrive in the new earnings season.
BofA Securities analyst Bryan D. Spillane expresses views on PepsiCo, Inc.‘s PEP mixed third-quarter results reported on Tuesday.
PepsiCo (PEP) trimmed its 2024 outlook due to North American sales falling short of expectations, raising concerns about the strength of the consumer. Yahoo Finance's Executive Editor Brian Sozzi joins Morning Brief with a recap of his takeaways from the PepsiCo earnings call and what it says about consumer spending.
To discuss the stock's reaction and the broader snack industry landscape, Bank of America Securities senior consumer goods analyst Bryan Spillane joins Morning Brief. Spillane notes that PepsiCo stock has "already underperformed the market" throughout 2024, suggesting that the lackluster results were largely priced into the stock.
PepsiCo, Inc. (NASDAQ:PEP ) Q3 2024 Earnings Conference Call October 8, 2024 8:15 AM ET Company Participants Ravi Pamnani - Senior Vice President, Investor Relations Ramon Laguarta - Chairman & Chief Executive Officer Jamie Caulfield - Executive Vice President & Chief Financial Officer Conference Call Participants Lauren Lieberman - Barclays Bryan Spillane - BofA Kaumil Gajrawala - Jefferies Dara Mohsenian - Morgan Stanley Filippo Falorni - Citi Peter Grom - UBS Robert Moskow - TD Cowen Steve Powers - Deutsche Bank Andrea Teixeira - JPMorgan Chris Carey - Wells Fargo Securities Robert Ottenstein - Evercore ISI Kevin Grundy - BNP Paribas Operator Good morning, and welcome to PepsiCo's 2024 Third Quarter Earnings Question-and-Answer Session. Your lines have been placed on listen-only until it is your turn to ask the question.
PepsiCo (PEP, Financial) saw its stock rise over 1%, closing at $168.97. The company's third-quarter revenue fell 0.6% year over year to $23.32 billion, missing the market expectation of $23.76 billion.
PepsiCo (PEP) trading is mixed Tuesday morning after the company lowered its full-year revenue guidance. Qualcomm (QCOM) slipped after getting a downgrade, as did American Express (AXP) following downgrades from BTIG and HSBC.
Investors looking to enter PepsiCo NASDAQ: PEP stock or build on existing positions should rejoice. The FQ3 2024 earnings report was weaker than expected, causing the stock price to dip.