{"id":69398,"date":"2023-10-06T07:56:04","date_gmt":"2023-10-06T11:56:04","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/what-to-expect-from-pepsicos-q3\/"},"modified":"2023-10-06T07:56:08","modified_gmt":"2023-10-06T11:56:08","slug":"what-to-expect-from-pepsicos-q3","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=69398","title":{"rendered":"What To Expect From PepsiCo\u2019s Q3?"},"content":{"rendered":"<div>\n<p><strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/PEP\/\">PepsiCo (NYSE: PEP)<\/strong> will report its Q3 2023 results on Tuesday, Oct 10. We expect the company\u2019s adjusted revenues to come in at $23.0 billion, slightly below the $23.4 billion consensus estimate. This would mark year-over-year growth of about 5%. Earnings are likely to come in at about $2.18 on a per-share and adjusted basis, slightly above the $2.15 consensus estimate. See our interactive dashboard analysis on<strong> <\/strong><strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/PEP\/no-login-required\/NRYe47XN\/PepsiCo-PEP-Earnings-Preview-PEP-Stock-Likely-To-Trade-Sideways-Due-To-Mixed-FY-2023Q3-Results-With-Earnings-Beating-Expectations-But-Revenues-Falling-Short?fromforbesandarticle=trefis231006\">PepsiCo Earnings Preview<\/strong> for more details on how the company\u2019s revenues and earnings will likely trend for the quarter.<\/p>\n<p>Interestingly, PEP has had a Sharpe Ratio of <strong>0.4<\/strong> since early 2017, which is lower than <strong>0.5<\/strong> for the S&amp;P 500 Index over the same period. This compares with the <strong>Sharpe of 1.2<\/strong> for the Trefis Reinforced Value portfolio. Sharpe is a measure of return per unit of risk, and high-performance portfolios can provide the best of both worlds.<\/p>\n<p>PepsiCo<fbs-ticker data-name=\"PEP\" data-href=\"https:\/\/www.forbes.com\/companies\/pepsico\" data-type=\"stock\"><br \/>\n  PEP<br \/>\n <\/fbs-ticker> will likely continue to benefit from steady demand and pricing gains. Looking at Q2 2023, <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/PEP\/no-login-required\/HyrFeAIY\/PepsiCo-Revenue?fromforbesandarticle=trefis231006\">PepsiCo\u2019s revenues<\/strong> of $22.3 billion were up 13%, led by 15% pricing gains, partly offset by a 2% decline in volume. Sales growth was visible across its segments except Africa, the Middle East, and South Asia. PepsiCo\u2019s adjusted operating margin grew 44 bps to 17.3% in Q2. Our <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/PEP\/no-login-required\/AoU2mrlA\/PepsiCo-PEP-Operating-Income-Comparison?fromforbesandarticle=trefis231006\">PepsiCo Operating Income Comparison<\/strong> dashboard has more details. The company reported earnings of $2.09 on a per-share and adjusted basis, compared to $1.86 in the prior-year quarter.<\/p>\n<p>Looking at PepsiCo\u2019s stock price, we believe that it has room for growth. We estimate <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/PEP\/no-login-required\/fjatYMAW\/PepsiCo-PEP-Valuation-Is-PEP-Stock-Expensive-Or-Cheap-?fromforbesandarticle=trefis231006\">PepsiCo\u2019s valuation<\/strong> to be $199 per share, reflecting an 18% upside from the current levels. Our forecast is based on a 26x P\/E multiple for PEP and expected earnings of $7.55 on a per-share and adjusted basis for the full year 2023. This compares with the last five-year average of 24x.<\/p>\n<p><fbs-ad position=\"inread\" progressive=\"\" ad-id=\"article-0-inread\" aria-hidden=\"true\" role=\"presentation\"><\/fbs-ad><\/p>\n<p>Invest with <strong>Trefis <\/strong><strong data-ga-track=\"ExternalLink:https:\/\/dashboards.trefis.com\/data\/companies\/PORTFOLIOS\/no-login-required\/M7MacZNG?fromforbes\">Market Beating Portfolios<\/strong><\/p>\n<p>See all <strong>Trefis <\/strong><strong data-ga-track=\"ExternalLink:https:\/\/dashboards.trefis.com\/data\/price-estimates?fromforbes\">Price Estimates<\/strong><\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.forbes.com\/sites\/greatspeculations\/2023\/10\/06\/what-to-expect-from-pepsicos-q3\/\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PepsiCo (NYSE: PEP) will report its Q3 2023 results on Tuesday, Oct 10. We expect the company\u2019s adjusted revenues to come in at $23.0 billion, slightly below the $23.4 billion consensus estimate. This would mark year-over-year growth of about 5%. Earnings are likely to come in at about $2.18 on a per-share and adjusted basis, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":69399,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-69398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What To Expect From PepsiCo\u2019s Q3? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"PepsiCo (NYSE: PEP) will report its Q3 2023 results on Tuesday, Oct 10. 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