PepsiCo Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

PepsiCo, Inc. (NASDAQ:PEP) will release its third-quarter earnings report before the opening bell on Thursday, Oct. 8.

Analysts expect the Purchase, New York-based company to report quarterly earnings of $2.30 per share, up from $2.29 per share in the year-ago period. The consensus estimate for PEP’s quarterly revenue is $25 billion. It reported $23.94 billion last year, according to Benzinga Pro.

On Sept.17, PepsiCo elected Joaquin Duato to its board of directors.

PepsiCo shares fell 1.6% to close at $128.15 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• BNP Paribas analyst Kevin Grundy maintained an Outperform rating and cut the price target from $183 to $161 on Sept. 23, 2026. This analyst has an accuracy rate of 53%.
• Barclays analyst Lauren Lieberman maintained an Equal-Weight rating and raised the price target from $138 to $142 on July 21, 2026. This analyst has an accuracy rate of 64%.
• Jefferies analyst Kaumil Gajrawala maintained a Hold rating and cut the price target from $162 to $152 on July 10, 2026. This analyst has an accuracy rate of 51%.
• TD Cowen analyst Robert Moskow maintained a Hold rating and cut the price target from $150 to $145 on July 10, 2026. This analyst has an accuracy rate of 64%.
• Morgan Stanley analyst Dara Mohsenian maintained an Equal-Weight rating and cut the price target from $180 to $160 on July 10, 2026. This analyst has an accuracy rate of 73%.

Considering buying PEP stock? Here’s what analysts think:

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