Market Gains Outpace PepsiCo, Johnson & Johnson, and Coca-Cola Stocks: Investor Insights

PepsiCo (PEP) saw a 0.7% increase in its stock price, trailing behind the broader market's gains. The company is set to release its earnings report on October 10, 2023, with projected EPS of $2.17 and quarterly revenue of $23.42 billion. Analyst estimates for the company's full-year earnings and revenue indicate positive growth compared to the previous year. Investors should pay attention to any changes in analyst estimates, as they reflect short-term business trends. PepsiCo currently holds a Zacks Rank of #4 (Sell) and is trading at a premium compared to its industry. The Beverages - Soft drinks industry, to which PepsiCo belongs, has a Zacks Industry Rank of 96, placing it in the top 39% of all industries.