October 2022 earnings calendar - can Pepsi stop her slide?
Earnings Calendar
Some of the key Earnings in October 2022
Personally, I am interested in the earnings for PEPSICO, Blackrock and TSMC. Of course, there is a suite of bank earnings to follow starting on Friday. For Blackrock, it coulod give a glance into the outlook of financial investments. For TSMC, it could give a prequel of what the chip market could be heading to. To me, the earnings (EPS) and revenue would be looked upon but what is of most value is their market outlook.
PEPSI
Overview of PEPSI portfolio by suredividend dot come
PepsiCo, Inc. manufactures, markets, distributes, and sells various beverages and convenient foods worldwide. As one of the "dividends aristocrats", this is a product that is well liked, operating in the "Consumer Defensive" sector. The company grew 3.34% from a year ago but is still on a downtrend since August 2022.
The current price of 161.61 is above the 52-week low of 153.37 and a short distance from the 52-week high of 181.07. The company has managed to grow over the Covid years and will the company be able to reverse its current downtrend?
From the coming earnings' forecast, PEPSI is expected to reap in 1.84 and 20.78B for its EPS and revenue respectively. As a staple, its outlook will be important indicator into market sentiments. In event of downturn, the market may opt for "cheaper" options or reduce some consumption.
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Nice