PepsiCo stock faces an earnings test before October 8

Published on 10/03/2026 at 21:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PepsiCo stock was last at USD 125.89 on October 2, 2026, while its 52-week range ran from USD 125.16 to USD 171.48. Q2 revenue rose 6.4 percent to USD 24.18 billion, and results are scheduled for October 8.

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PepsiCo (ISIN US7134481081) was last at USD 125.89 on Nasdaq on October 2, 2026 at 4:00 p.m. ET, up 0.23 percent from the prior close. The immediate test is the October 8 Q3 report, while recent analyst target cuts have reset expectations for the food and beverage group.

Analyst targets reset the bar

According to MarketBeat on September 30, 2026, Evercore lowered its PepsiCo target from USD 150 to USD 135. The same report put the analyst consensus at Hold with an average target of USD 151.70.

Börse Express reported on September 30, 2026 that Deutsche Bank cut its rating from Buy to Hold and reduced its target from USD 155 to USD 138. TD Cowen also kept Hold while lowering its target from USD 145 to USD 133, adding a second reset to the valuation debate.

Q2 growth meets a higher hurdle

PepsiCo's Q2 2026 revenue reached USD 24.2 billion, up 6.4 percent from USD 22.7 billion a year earlier, according to StockTitan. GAAP operating profit rose to USD 4.0 billion from USD 1.8 billion, while diluted EPS increased to USD 2.18 from USD 0.92.

The comparison is mixed in quality: the operating-profit increase reflected the prior-year impairment base, while core operating profit grew 4 percent. That makes North American demand, pricing and productivity central to the October report rather than headline revenue alone.

October 8 sets the next checkpoint

MarketBeat reported on October 1, 2026 that PepsiCo is expected to release Q3 2026 results before the market opens on October 8. The cited consensus calls for EPS of USD 2.30 and revenue of USD 24.977 billion.

Management's fiscal 2026 EPS guidance stands at USD 8.550-8.710, so the Q3 result will show whether the Q2 growth profile is carrying into the second half. The scheduled release also gives investors a dated checkpoint for judging the effect of costs and pricing on demand.

Stock sits near its yearly low

PepsiCo was last at USD 125.89 on Nasdaq on October 2, 2026 at 4:00 p.m. ET, with a session range of USD 125.16 to USD 126.30 and volume of 6,071,580 shares. The price stood USD 0.73 above the 52-week low of USD 125.16 and 26.6 percent below the USD 171.48 high, while market capitalization was USD 172.0 billion.