PepsiCo, Inc. (NASDAQ:PEP) is scheduled to release its second-quarter financial results, before the opening bell on Thursday, July 11.
Analysts expect the Purchase, New York-based company to report quarterly earnings at $2.17 per share, up from $2.09 per share in the year-ago period. PepsiCo is expected to post revenue of $22.69 billion, compared to $22.32 billion a year earlier, according to data from Benzinga Pro.
On May 28, PepsiCo announced it's adding 75 Ford Motor Co.'s (NYSE:F) E-Transit electric vans to its fleet, alongside additional Tesla, Inc.'s (NASDAQ:TSLA) Semi trucks.
PepsiCo shares gained 1.1% to close at $164.39 on Friday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.
- TD Cowen analyst Robert Moskow maintained a Buy rating and cut the price target from $200 to $190 on July 3. This analyst has an accuracy rate of 68%.
- JP Morgan analyst Andrea Teixeira maintained a Neutral rating and increased the price target from $181 to $184 on June 26. This analyst has an accuracy rate of 60%.
- Barclays analyst Lauren Lieberman maintained an Overweight rating and cut the price target from $185 to $180 on June 12. This analyst has an accuracy rate of 61%.
- Argus Research analyst John Staszak downgraded the stock from Buy to Hold on April 3. This analyst has an accuracy rate of 66%.
- Morgan Stanley analyst Dara Mohsenian upgraded the stock from Equal-Weight to Overweight with a price target of $190 on March 18. This analyst has an accuracy rate of 75%.
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