PepsiCo, Inc. (PEP) is expected to report net income of $2.1 billion, or $1.50 a share, on sales of $16.4 billion before the market opens on Tuesday, based on a FactSet survey of 20 analysts.
In the same period a year ago the company posted earnings of $1.61 a share on sales of $16.1 billion. It reported net income of $1.3 billion.
The stock has risen 4.3% since the company last reported earnings on Apr. 17.
Quarterly estimates have fallen less than 1 cent a share in the past month.
PepsiCo is currently trading at a price-to-forward-earnings ratio of 23.3 based on the 12-month estimates of 22 analysts surveyed by FactSet.
In the upcoming quarter analysts are forecasting net income of $2.2 billion, or $1.56 a share, on sales of $17 billion.
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