PepsiCo, Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component PepsiCo, Inc. (NYSE:PEP) will unveil its latest earnings on Wednesday, October 12, 2011. PepsiCo is a global company that manufactures a variety of salty, convenient, sweet and grain-based snacks, carbonated and non-carbonated beverages, and foods.

PepsiCo, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.30 per share, a rise of 6.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.35. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.30 during the last month. For the year, analysts are projecting net income of $4.41 per share, a rise of 6.8% from last year.

Past Earnings Performance: Last quarter, the company saw profit of $1.21 per share versus a mean estimate of net income of $1.21 per share. This comes after two consecutive quarters of exceeding expectations.

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Wall St. Revenue Expectations: On average, analysts predict $17.27 billion in revenue this quarter, a rise of 11.3% from the year ago quarter. Analysts are forecasting total revenue of $66.37 billion for the year, a rise of 14.7% from last year’s revenue of $57.84 billion.

Analyst Ratings: Analysts are bullish on this stock with eight analysts rating it as a buy, one rating it as a sell and four rating it as a hold.

A Look Back: In the second quarter, profit rose 17.6% to $1.89 billion ($1.17 a share) from $1.6 billion (98 cents a share) the year earlier, meeting analyst expectations. Revenue rose 13.7% to $16.83 billion from $14.8 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 29.4%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 40% from the year earlier quarter.

The increase in profit in the second quarter broke a streak of two consecutive quarters of year-over-year profit decreases. The figure dropped 20.1% in the first quarter and 4.8% in the fourth quarter of the last fiscal year.

Competitors to Watch: The Coca-Cola Company (NYSE:KO), Dr Pepper Snapple Group Inc. (NYSE:DPS), Coca-Cola Enterprises Inc. (NYSE:CCE), Hansen Natural Corporation (NASDAQ:HANS), Reed’s, Inc. (NASDAQ:REED), Cott Corporation (NYSE:COT), National Beverage Corp. (NASDAQ:FIZZ), Jones Soda Co. (NASDAQ:JSDA), Celsius Holdings, Inc. (NASDAQ:CELH), and Fomento Economico Mexicano SAB (NYSE:FMX).

Stock Price Performance: During July 13, 2011 to October 7, 2011, the stock price had fallen $7.32 (-10.7%) from $68.34 to $61.02. The stock price saw one of its best stretches over the last year between August 10, 2011 and August 17, 2011 when shares rose for six-straight days, rising 7.1% (+$4.26) over that span. It saw one of its worst periods between July 7, 2011 and July 18, 2011 when shares fell for eight-straight days, falling 3.6% (-$2.50) over that span. Shares are down $4.31 (-6.6%) year to date.

(Source: Xignite Financials)

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