Pepsico (PEP) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $2.34
- Estimate
- $2.30
- Surprise
- +1.9%
- Revenue (period 2026-09-05)
- $25.27B
- Score at report (before → after)
- 5.7 → 6.1/10
Revenue source: xbrl.
How the report landed
Pepsico (PEP) beat the $2.30 estimate with adjusted EPS of $2.34 — a modest 1.9% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.7/10) to Sell at 6.1/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates PEP Sell at 5.4/10.
3 of the last 4 quarters beat the estimate; this quarter's +1.9% surprise compares with a +1.6% four-quarter average. Next scheduled report: 2027-02-02.
What supports the rating
- Sector modifier (Consumer Defensive): +0.8
- Strong earnings beat streak (3/4)
What argues against it
- Concentration risk — Supplier: sole supplier raw materials
- Analyst target reached - limited upside remaining
- Leverage penalty (D/E 2.3): -1.5
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $132.95
- Stop
- $127.17
At 16.7× trailing and 15.4× forward earnings, consensus estimates imply little change in earnings power.
Model outputs from TrendMatrix’s engine as of 2026-10-29 — shown for context, not personalized investment advice.
PEP at TrendMatrix's latest read
Defensive staples are judged on margin resilience: pricing power against input costs matters more here than top-line drama.
- Industry
- Beverages - Non-Alcoholic
- Market cap
- $180.74B
- P/E (fwd)
- 15.4
- P/E (ttm)
- 16.7
- 52-week range
- $123.47–$171.48
- Off 52-week high
- 22.5%
- RSI (14)
- 66
- Volume vs avg
- 0.22×
- Score today
- 5.4/10