Earnings Preview: PepsiCo

PepsiCo (PEP) is expected to report Q2 earnings before market open Wednesday, July 23, with a conference call scheduled for 11:00 am ET.

Guidance

Analysts are looking for a profit of $1.02 on revenue of $10.52B. The consensus range is $1.00 to $1.04 for EPS, and revenue of $10.25B to $10.99B, according to First Call.

Analyst Views

Pepsi is up over 2% today ahead of the earnings call, likely because the company has met or exceeding analyst estimates for at least the last four quarters.

On June 16, PepsiCo reiterated its FY08 EPS guidance of at least $3.72 vs. a consensus estimate of $3.73. On July 1, McAdams Wright added PepsiCo to its Focus List and maintained its Buy rating, based on valuation as concerns of commodity inflation and international operations have weighed down shares recently.