Where Coca-Cola’s Valuation Stands before Its 3Q17 Results
On October 18, Coca-Cola (KO) was trading at 12-month forward PE (price-to-earnings) ratio of 24.3x.
On October 18, Coca-Cola (KO) stock was rated as a “hold” by 15 of 26 analysts (or 58.0%).
Coca-Cola (KO) has exceeded analysts’ earnings expectations in eight out of the past ten quarters. In 2Q17, Coca-Cola’s earnings fell 1.7% on a year-over-year basis.
The revamped Coke Zero Sugar is performing well and is already available in more than 25 markets, including Great Britain and Mexico.
Coca-Cola (KO) has been generating weak revenues over the past several quarters due to dismal soda volumes and the impact of structural changes.
Beverage giant Coca-Cola (KO) is slated to announce its 3Q17 results on October 25. On October 18, KO stock rose 11.9% to $46.40 on a year-to-date basis.
Constellation Brands (STZ) generated sales of $2.09 billion in fiscal 2Q18, exceeding the consensus analysts’ sales estimate of $2.06 billion.
As of October 5, 2017, PepsiCo stock was rated a “buy” by 55.0% (12 of 22) analysts. The stock is rated a “hold” by ten analysts.
As of October 5, 2017, PepsiCo (PEP) was trading at a 12-month forward PE (price-to-earnings) ratio of 20.3x.
PepsiCo (PEP) stock rose 0.20% to $109.34 on October 4, 2017, the day the company announced its results for fiscal 3Q17.
PepsiCo’s (PEP) gross margin expanded about 10 basis points to 54.6% in fiscal 3Q17, which ended on September 9, 2017.
PepsiCo’s (PEP) Asia, Middle East, and North Africa segment reported a 4.2% fall in fiscal 3Q17 revenue to $1.6 billion.
PepsiCo’s (PEP) North America Beverages segment is its largest segment based on revenue. The segment’s weak numbers impacted PepsiCo’s overall revenue growth in fiscal 3Q17.
Beverage giant PepsiCo (PEP) delivered revenue of $16.2 billion in fiscal 3Q17, which ended on September 9, 2017. It lagged the consensus analysts’ revenue estimate of $16.3 billion.
PepsiCo (PEP) announced its fiscal 3Q17 results on October 4, 2017, beating analysts’ earnings expectations but missing revenue estimates.
As of September 27, PepsiCo’s (PEP) stock was rated “buy” by 59.0%, or 13 out of 22 analysts.
As of September 27, PepsiCo (PEP) was trading at a 12-month forward PE (price-to-earnings) ratio of 20.9x.
PepsiCo (PEP) has exceeded analysts’ earnings expectations for six consecutive quarters.
PepsiCo (PEP) is scheduled to report its fiscal 3Q17 results on October 4. The company’s gross margin is expected to be under pressure in the third quarter due to continued raw material inflation.
PepsiCo is focused on improving its volumes through better merchandising, distribution, and marketing efforts.