Here's Why PepsiCo (PEP) Gained But Lagged the Market Today

In the latest market close, PepsiCo (PEP) reached $148.56, with a +0.15% movement compared to the previous day. The stock lagged the S&P 500's daily gain of 2.13%. Elsewhere, the Dow saw an upswing of 1.65%, while the tech-heavy Nasdaq appreciated by 2.61%.Heading into today, shares of the food and beverage company had gained 2.6% over the past month, outpacing the Consumer Staples sector's gain of 2.27% and the S&P 500's loss of 9.57% in that time.Market participants will be closely following the financial results of PepsiCo in its upcoming release. The company plans to announce its earnings on April 24, 2025. The company is predicted to post an EPS of $1.53, indicating a 4.97% decline compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $17.8 billion, indicating a 2.45% decline compared to the corresponding quarter of the prior year.For the full year, the Zacks Consensus Estimates project earnings of $8.29 per share and a revenue of $91.74 billion, demonstrating changes of +1.59% and -0.12%, respectively, from the preceding year.Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for PepsiCo. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.58% lower within the past month. PepsiCo is currently sporting a Zacks Rank of #4 (Sell).Digging into valuation, PepsiCo currently has a Forward P/E ratio of 17.89. This expresses a discount compared to the average Forward P/E of 18.46 of its industry.It is also worth noting that PEP currently has a PEG ratio of 3.1. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Beverages - Soft drinks was holding an average PEG ratio of 2.55 at yesterday's closing price.The Beverages - Soft drinks industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 86, this industry ranks in the top 35% of all industries, numbering over 250.The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PepsiCo, Inc. (PEP): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks