The most recent trading session ended with PepsiCo (PEP) standing at $152.02, reflecting a +0.34% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily loss of 1.59%. At the same time, the Dow lost 0.45%, and the tech-heavy Nasdaq lost 2.78%.

Heading into today, shares of the food and beverage company had gained 0.76% over the past month, lagging the Consumer Staples sector's gain of 6.01% and outpacing the S&P 500's loss of 2.23% in that time.

The investment community will be closely monitoring the performance of PepsiCo in its forthcoming earnings report. The company is forecasted to report an EPS of $1.54, showcasing a 4.35% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $17.8 billion, showing a 2.45% drop compared to the year-ago quarter.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $8.30 per share and revenue of $91.75 billion. These totals would mark changes of +1.72% and -0.11%, respectively, from last year.

Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for PepsiCo. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.55% lower. Right now, PepsiCo possesses a Zacks Rank of #4 (Sell).

Valuation is also important, so investors should note that PepsiCo has a Forward P/E ratio of 18.26 right now. This expresses a discount compared to the average Forward P/E of 18.98 of its industry.

We can additionally observe that PEP currently boasts a PEG ratio of 3.16. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Beverages - Soft drinks industry had an average PEG ratio of 2.46.

The Beverages - Soft drinks industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 145, finds itself in the bottom 43% echelons of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

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PepsiCo, Inc. (PEP) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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