PepsiCo Reports Q3 EPS of $2.31, Revenue Falls Short

PepsiCo stock (NASDAQ: PEP) posted earnings that were more than what was forecast for the third quarter, but the revenue was not so impressive as the company faced some difficulties in the major markets. The global beverage and snack giant announced that it had adjusted earnings per share (EPS) of $2.31, which is a little above the analysts’ average of $2.29. However, revenue was lower than the estimate due to decreased performance in the North American region and disruptions in the international markets.

Even though PepsiCo has met the earnings, the company has cut its sales forecast from organic growth by a low single digit, down from the previous expectation of 4%. This editorial change signals an integral chips company’s smart and careful response to the market and customer preferences in an unestablished time. Notwithstanding this, PepsiCo does not leave off to reach the core constant currency EPS growth goal of at least 8% in the full year.

Forecasts 7% EPS Growth Amid Challenging Market Conditions

In the near future, the company restored its full-year guidance for 2024, predicting core earnings per share of $8.15 or more, which was slightly better than analysts’ expectations of $8.14. After its $7.62 core EPS reported in 2023, it suggests a 7% increase.

PepsiCo’s outcomes enhance the challenging operation environment, characterised by category softness in its main market and external pressures on its international programs. Nevertheless, its carry-out through consistent profitability and preserved earnings outlooks show its confidence to steer these headwinds while continuing to deliver shareholder value through robust earnings growth.

PepsiCo Stock Chart Analysis 

PepsiCo/USD Chart

From looking at the 15-minute chart of PepsiCo (PEP), we can observe that the stock did not vary much today and kept close to the point of trade with very brief adjustments in the trading pattern. It emerged at $167.15, also touched the high level of $167.27 and then sank to the low of $166.91 but took off again to close a little positive at $167.21, representing a small increase of 0.04%.

Investors paid close attention to sector trading, exchanging 51,024 shares at normal volume. The market heated up at the day’s end when we noticed peak activity. Shares falling to $166.44 near pre-market levels on Tuesday before rising again hinted that the price stimulated buying.

Basically, during the entire time, when the price is confined to a certain range without a breakout, the price still rests in the same price limit without a clear breakout. The market continues to sit on its hands, waiting for signals that may lead to a decisive move, such as earnings results or broad economic news.

The lowered guidance from PepsiCo and the challenges in the market are why we are emphasising the need to constantly monitor the pace in the market for other signs of a major shift. Tracking PepsiCo stock’s historical data can provide valuable insights into its performance trends and potential future movements. Therefore, one of the ways to get through all these would be to remain well-informed, fast and as strategic as possible.

Verb Technology Company Stock Analysis

VERB/USD Chart

Today, Verb  Technology Company, Inc. (NASDAQ: VERB) close at $0.0421, down slightly by 0.94%. The stock briefly dipped to $0.0419 during the session before the price recovered, but still, it seems that it is in the bear grip. Earlier in the day,  we enjoyed one rally and the price lifted to a mark of $0.0425 for a short while before it returned to $0.0423.

The stock exchange turnover was low, with only 82.511K shares being exchanged. This means that the stock is not of much interest to the stakeholders. In the last few sessions, we noticed a drop, maybe the most visible after the big decline at the beginning of the week. 

Investors could be anticipating the release of some news or company/updates. The most important thing to consider here is releasing new information or the earnings report that might move the market direction.