PepsiCo earnings are coming, but the release will be more of a referendum on the impact of Ozempic and other weight loss drugs as it will be about profits and losses. Expect the stock to move as much on commentary about the impact of the new drugs as the release itself.
While Wedbush analyst Gerald Pascarelli expects sales to come in light, earnings should be all right. “ are largely expecting an in-line quarter though we highlight that since at least 2018, PEP hasn’t missed on earnings and has delivered beats in 21 out of the past 22 quarters,” he notes.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JPMorgan Chase, Pepsi, Delta, and More Stocks to Watch This WeekThe week brings earnings reports from big banks, as well as from UnitedHealth, Delta, Domino's, and more. Economic releases include the Fed minutes, the...
Source: MarketWatch - 🏆 3. / 97 Read more »
Dow Jones, Nasdaq, S&P 500 weekly preview: Focus on Middle East, CPI and Q3 earningsDow Jones, Nasdaq, S&P 500 weekly preview: Focus on Middle East, CPI and Q3 earnings
Source: Investingcom - 🏆 450. / 53 Read more »
Earnings season begins with markets lower than three months ago, but expectations are higherProfit reports start this week in an odd position: estimates for the third and fourth quarter are slightly higher than when the third quarter began.
Source: CNBC - 🏆 12. / 72 Read more »
Dow Jones, Nasdaq, S&P 500 weekly preview: Focus on Middle East, CPI and Q3 earningsDow Jones, Nasdaq, S&P 500 weekly preview: Focus on Middle East, CPI and Q3 earnings
Source: Investingcom - 🏆 450. / 53 Read more »
This Week in Business: Delta earnings, consumer and producer pricesThe Labor Department on Wednesday releases producer price data for September; on Thursday, Delta reports its third-quarter financial results before the bell and Labor reports on inflation at the consumer level.
Source: AP - 🏆 728. / 51 Read more »
Top Wall St brokerages rate Arm's stock a 'buy' on earnings potentialTop Wall St brokerages rate Arm's stock a 'buy' on earnings potential
Source: Investingcom - 🏆 450. / 53 Read more »