Zacks cuts fiscal 2026 PepsiCo stock estimate from USD 8.56 to USD 8.40

Published on 10/22/2026 at 10:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached USD 25.27 billion in third-quarter 2026. PepsiCo stock costs EUR 120.89 on October 22, 2026, with 0.49 percent versus the EUR 120.30 Xetra close.

Estimate revision sets the tone

Zacks Research lowered its fiscal 2026 estimate from USD 8.56 to USD 8.40 on October 16, 2026.
PepsiCo reported USD 25.27 billion of revenue for the third quarter of 2026 on October 8, 2026.
PepsiCo stock trades at EUR 120.89 at 10:38 a.m. CEST at Lang & Schwarz on October 22, 2026, 0.49 percent above the Xetra close of October 21, 2026.
PepsiCo had a USD 183.6 billion market capitalization as of October 21, 2026.

Aquarellillustration von Snackchips und Crackern aus einer schlichten Papiertüte neben einem Glas Eisgetränk in warmen Pastelltönen, weiches Wasserfarben-Papier sichtbar — PepsiCo US7134481081 als Aquarellillustration mit anonymen Snacks und Erfrischungsgetränk auf texturiertem hellem Papier, Illustration mit AI erstellt.

PepsiCo (ISIN US7134481081) stock was trading at EUR 120.89 at Lang & Schwarz on October 22, 2026 at 10:38 a.m. CEST, 0.49 percent above the Xetra close of October 21, 2026 at EUR 120.30. The latest estimate revision came from Zacks Research, which cut its fiscal 2026 earnings-per-share estimate from USD 8.56 to USD 8.40 in a note dated October 16, 2026, according to MarketBeat.

Third-quarter growth meets a lower outlook

PepsiCo reported third-quarter 2026 revenue of USD 25.27 billion on October 8, 2026, up 5.6 percent from USD 23.94 billion a year earlier. Core earnings per share reached USD 2.34, compared with USD 2.29 in the prior-year quarter, while GAAP earnings per share rose to USD 2.23 from USD 1.90, according to PepsiCo.

The result beat the USD 2.29 adjusted earnings-per-share consensus and the USD 24.96 billion revenue estimate. Yet the company reduced its fiscal 2026 core earnings-per-share growth outlook to 2.5 percent to 3.5 percent from the low end of its earlier 5 percent to 7 percent range, as CNBC reported on October 8, 2026.

What does the estimate cut mean?

The revision places the fiscal 2026 estimate at USD 8.40, only USD 0.01 below the USD 8.41 consensus cited by MarketBeat. That gap is narrow, but the direction matters because PepsiCo's third-quarter core operating profit increased 3 percent while core operating margin contracted 35 basis points, according to the company release dated October 8, 2026.

Three dated developments

On October 8, 2026, PepsiCo reported USD 25.27 billion in quarterly revenue and USD 2.34 in core earnings per share. On October 16, 2026, Zacks Research lowered its fiscal 2026 estimate from USD 8.56 to USD 8.40, as MarketBeat reported. On October 22, 2026, the stock stood at EUR 120.89 at Lang & Schwarz, 0.49 percent above the EUR 120.30 Xetra close of October 21, 2026.

Next reporting date

The next reporting date listed for PepsiCo is February 1, 2027, with the reporting session scheduled after the close, according to Hyper Stocks. Until then, the central question is whether international growth can offset slower North American demand and the lower earnings-growth outlook.

Market value and the next signal

PepsiCo had a USD 183.6 billion market capitalization as of October 21, 2026, while its Nasdaq price was last at USD 134.70 at 4:00 p.m. EDT on October 21, 2026. The 52-week Nasdaq range was USD 123.47 to USD 171.48, leaving the current home-market quote below its yearly high by 21.45 percent.

PepsiCo was trading at EUR 120.89 at Lang & Schwarz on October 22, 2026 at 10:38 a.m. CEST, 0.49 percent above the Xetra close of October 21, 2026 at EUR 120.30. The further course of trading is shown by the continuously updated real-time quote of PepsiCo stock.