PepsiCo, Inc. (NASDAQ: PEP) published its earnings report, providing investors with insights into the company’s performance for the third quarter. The report came out prior to the regular trading hours.
The market is abuzz with the latest results, as earnings outperformed while revenues fell below the market’s forecast.
In the latest quarter, the organization outlined an adjusted income of $2.31 per share, improved 2.67 percent relative to the corresponding quarter of last year.
The revenues summing into $23.31 billion, 0.57 percent in contrast to the same quarter of previous year.
The findings surpassed the analysts expected $2.29 profit per share, but failed to meet the predicted revenue of $23.82 billion.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q3 2024 | $2.31 | +2.7% | 23.32 B | -0.6% |
| Historical Earnings Insight | ||||
| Q2 2024 | $2.28 | +9.1% | 22.50 B | +0.8% |
| Q1 2024 | $1.61 | +7.3% | 18.25 B | +2.3% |
| Q4 2023 | $1.78 | +6.6% | 27.85 B | -0.5% |
| Q3 2023 | $2.25 | +14.2% | 23.45 B | +6.7% |
| Q2 2023 | $2.09 | +12.4% | 22.32 B | +10.4% |
| *Growth on year-over-year basis | ||||
Looking forward, The concern has set earnings target for fiscal year 2024 about $8.15 per share. In contrast financial analysts on Wall Street expect $8.14 per share along with revenues of $93.14 billion.
PepsiCo (PEP) closed Monday’s regular trading session at $167.21, indicating a 0.45 percent downfall. During the day, PEP shares traded between $166.46 and $167.93, with a day volume of 5.46 million shares.
