PepsiCo Earnings Preview: Revenue, Earnings Expected to Fall from Previous Quarter

It's time to get ready for PepsiCo PEP earnings! Don't be caught off-guard: The company releases its next round of earnings this Thursday, July 21, 2011.

Want to get all the facts ahead of this Thursday's announcement? We thought so. Here's an advanced look at PepsiCo's second quarter earnings report.

Let's Do the Numbers:

Wall Street expects a positive EPS reading of $1.21 per share and revenues of $16.41 billion. We'll know on Thursday whether PepsiCo has managed the estimated 96% increase in EPS and 111% rise in revenues on a year-over-year basis.

Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter	Q1	Q4	Q3	Q2
EPS Estimate	$0.73	$1.04	$1.22	$1.09
EPS Actual	$0.74	$1.05	$1.22	$1.10

Stock Performance:

At last check, shares of PepsiCo were trading at $68.53. Since January 1st, shares of PepsiCo have given investors a return of 6.5%. For a full 12 months, the return has risen by 6.1%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.

• Long-term shareholders are already enjoying 12-month gains prior to the announcement

Average Stock Rating:

The average rating by analysts for PepsiCo is a Moderate Buy. The strength of this rating has declined slightly over the past three months.

Competitors:

Wondering how some of the other consumer staples companies are doing? Here are a few of PepsiCo's peers in that sector.

• Coca-Cola (CCE): Moderate Buy with a $0.33 recent quarter EPS
• Dr Pepper Snapple Group (DPS): Hold with a $0.5 recent quarter EPS
• Fomento Economico Mexicano, S.A.B. De C.V (FMX): Moderate Buy with a $1.05 recent quarter EPS
• Hansen Natural (HANS): Moderate Buy with a $0.59 recent quarter EPS

Finally, a description of the main business areas of the company, in case you need a little refresher: PepsiCo is a global company that manufactures a variety of salty, convenient, sweet and grain-based snacks, carbonated and non-carbonated beverages and foods.

Take Action:

Now that you have reviewed all the numbers, be ready to move if the upcoming PepsiCo earnings report has any surprises. Also, come back to Benzinga after the announcement for a full recap and a guide to your next steps.

• To see up-to-date news on PepsiCo, click here
• To see other trading ideas, click here
• To see other company earnings recaps, click here