PepsiCo Likely To Report Higher Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts – PepsiCo (NASDAQ:PEP)


PepsiCo, Inc. PEP is expected to release earnings results for its fourth quarter, before the opening bell on Feb. 9, 2024.Analysts expect the company to report quarterly earnings at $1.72 per share, compared to year-ago earnings of $1.67 per share. The company is projected to report revenue of $28.40 billion, compared to $28 billion in the year-earlier quarter, according to data from Benzinga Pro.PepsiCo recently named Ram Krishnan as CEO for PepsiCo Beverages North America.PepsiCo shares rose 1.4% to close at $173.85 on Thursday.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.
Barclays analyst Lauren Lieberman maintained an Overweight rating and cut the price target from $181 to $179 on Jan. 16, 2024. This analyst has an accuracy rate of 61%.
JP Morgan analyst Andrea Teixeira downgraded the stock from Overweight to Neutral and cut the price target from $185 to $176 on Dec. 19, 2023. This analyst has an accuracy rate of 62%.
Morgan Stanley analyst Dara Mohsenian maintained an Equal-Weight rating and slashed the price target from $210 to $190 on Oct. 11, 2023. This analyst has an accuracy rate of 73%.
Wells Fargo analyst Chris Carey maintained an Equal-Weight rating and lowered the price target from $196 to $170 on Oct. 9, 2023. This analyst has an accuracy rate of 62%.
Deutsche Bank analyst Steve Powers maintained a Hold rating and raised the price target from $193 to $195 on July 14, 2023. This analyst has an accuracy rate of 68%.
 Read This Next: Jim Cramer Likes Trane Technologies ‘Very Much’ But Carrier is ‘Undervalued Right Now’

Rate this post

Leave a Comment