Is Now the Right Time to Buy PepsiCo Stock?
PepsiCo's (NASDAQ: PEP) stock popped 4% on Oct. 12 after the company released its third-quarter earnings report. The beverage and packaged food maker's revenue rose 9% year-over-year to $21.97 billion, beating analysts' estimates by $1.15 billion, as its organic sales increased 16%. Its core earnings, which are pegged to its organic sales, grew 14% on a constant currency basis to $1.97 per share -- which also cleared the consensus forecast by $0.12.
PepsiCo expects its organic sales to rise 12% for the full year, compared to its previous forecast for 10% growth. It expects its core EPS to increase 10% on a constant currency basis, compared to its prior target of 8% growth.
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Source Fool.com
