Beverage company Keurig Dr Pepper (NASDAQ: KDP) will be reporting earnings this Thursday before the bell. Here’s what you need to know.
Keurig Dr Pepper beat analysts’ revenue expectations by 1.9% last quarter, reporting revenues of $3.64 billion, up 4.8% year on year. It was a strong quarter for the company, with a decent beat of analysts’ EBITDA estimates and a decent beat of analysts’ EPS estimates.
Is Keurig Dr Pepper a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Keurig Dr Pepper’s revenue to grow 5.2% year on year to $4.13 billion, improving from the 3.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.49 per share.
Heading into earnings, analysts covering the company have grown increasingly bullish with revenue estimates seeing 3 upward revisions over the last 30 days (we track 10 analysts). Keurig Dr Pepper has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Keurig Dr Pepper’s peers in the beverages, alcohol, and tobacco segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Coca-Cola delivered year-on-year revenue growth of 2.1%, beating analysts’ expectations by 0.5%, and Philip Morris reported revenues up 7.1%, falling short of estimates by 1.3%.
Read our full analysis of Coca-Cola’s results here and Philip Morris’s results here.
There has been positive sentiment among investors in the beverages, alcohol, and tobacco segment, with share prices up 5.1% on average over the last month. Keurig Dr Pepper is up 2% during the same time and is heading into earnings with an average analyst price target of $38.35 (compared to the current share price of $33.91).
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