Stock Story -
Beverage company Keurig Dr Pepper (NASDAQ:KDP) will be reporting earnings tomorrow before market open. Here's what you need to know.
Keurig Dr Pepper beat analysts' revenue expectations by 1.6% last quarter, reporting revenues of $3.47 billion, up 3.4% year on year. It was a solid quarter for the company, with a decent beat of analysts' earnings estimates.
Is Keurig Dr Pepper a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting Keurig Dr Pepper's revenue to grow 3.5% year on year to $3.92 billion, slowing from the 6.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.45 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. 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 consumer staples segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Coca-Cola (NYSE:KO) delivered year-on-year revenue growth of 2.9%, beating analysts' expectations by 4.8%, and Constellation Brands (NYSE:STZ) reported revenues up 5.8%, in line with consensus estimates. Constellation Brands's stock price was unchanged following the results.
Read the full analysis of Coca-Cola's and Constellation Brands's results on StockStory.
Investors in the consumer staples segment have had steady hands going into earnings, with share prices flat over the last month. Keurig Dr Pepper is down 5.2% during the same time and is heading into earnings with an average analyst price target of $36.7 (compared to the current share price of $32.64).