PepsiCo has drawn increased investor attention but now carries a Zacks Rank #4, or Sell, signaling potential near-term underperformance. Over the past 30 days, the Zacks Consensus Estimate for current-quarter earnings fell 4.9% to $2.31 per share, while the current-fiscal-year estimate slipped 0.6% to $8.57 and the next-fiscal-year estimate dropped 1.2% to $9.00. Revenue estimates stand at $24.92 billion for the current quarter, $98.86 billion for the current fiscal year, and $101.91 billion for the next fiscal year. The stock has returned 1.7% over the past month, outperforming the Zacks S&P 500 composite's 1.5% decline but trailing the Zacks Beverages - Soft drinks industry's 2.7% gain. PepsiCo beat consensus earnings and revenue estimates in each of the trailing four quarters, and its valuation is graded C, indicating it is trading at par with peers.
PepsiCo IncZacks Rank #4 (Sell) and downward earnings estimate revisions signal expected underperformance.