PepsiCo (NYSE:PEP) Earnings Forecast

PepsiCo (NYSE:PEP) has decided to cut earnings forecast on higher commodity prices. PepsiCo (NYSE:PEP) Earnings Forecast Soft drinks maker PepsiCo (NYSE:PEP) has cut its earnings forecast for 2011, warning that higher commodity prices will push its costs up and citing a weak economy. Hugh Johnson, the chief financial officer of PepsiCo (NYSE:PEP) said during the issue of its fourth quarter that, "There aren't many years in my 23 years at PepsiCo that I remember seeing that range. That type of inflation has a pretty strong impact." PepsiCo (NYSE:PEP) shares were at 63.36 at the end of the last day’s trading. There’s been a -1.3% change in the stock price over the past 3 months. Analyst Advice PepsiCo (NYSE:PEP) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.66 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.57 Zack’s Rank: 14 out of 16 in the industry
Negocioenlinea
tdp2664
E money daily