Beverage company Keurig Dr Pepper (NASDAQ: KDP) will be reporting results this Tuesday before the bell. Here’s what you need to know.
Keurig Dr Pepper beat analysts’ revenue expectations last quarter, reporting revenues of $7.31 billion, up 75.6% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but full-year revenue guidance meeting analysts’ expectations.
Is Keurig Dr Pepper a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Keurig Dr Pepper’s revenue to grow 70.1% year on year, improving from the 10.7% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Keurig Dr Pepper rarely misses Wall Street’s revenue estimates.
Looking at Keurig Dr Pepper’s peers in the beverages, alcohol, and tobacco segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Vita Coco delivered year-on-year revenue growth of 33.7%, beating analysts’ expectations by 6.1%, and Coca-Cola reported revenues up 7.6%, topping estimates by 3.7%. Vita Coco traded down 11% following the results while Coca-Cola was also down 1%.
Read our full analysis of Vita Coco’s results here and Coca-Cola’s results here.
There has been positive sentiment among investors in the beverages, alcohol, and tobacco segment, with share prices up 6.3% on average over the last month. Keurig Dr Pepper is up 16% during the same time and is heading into earnings with an average analyst price target of $36.38 (compared to the current share price of $35.84).
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