Pepsi is 'priced for perfection,' as earnings beat estimates

The food and beverage giant's fiscal second-quarter earnings report topped analysts' estimates on Tuesday, showing strong sales and solid growth.

"The stock is ... kind of expensive. I know it's got nearly a 3% dividend yield, but it's expected to actually have an [earnings-per-share] decline year over year this year with low-single-digit sales growth, so it's kind of priced for perfection," Nathan said Monday on CNBC's "Options Action." "This'll be a really interesting early gauge for a lot of these defensive names, how they report and how the stock reacts [Tuesday].

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

PepsiCo earnings top estimates on strong snack and beverage sales, backs 2019 forecastStrong sales growth of its snacks and beverages helped PepsiCo beat earnings estimates, despite a drag from foreign exchange. That doesn't make it taste any less like dog taint sweat
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

PepsiCo's stock gains after earnings, revenue rise above expectationsShares of PepsiCo Inc. rose 0.7% in premarket trading Tuesday, after the beverage and snack giant reported a fiscal second-quarter profit and revenue that...
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »