NEW YORK (TheStreet) -- Shares of Dr Pepper Snapple (DPS) were down in mid-afternoon trading on Tuesday as the company is slated to report earnings for the 2016 third quarter before Thursday's opening bell.
Analysts surveyed by FactSet are looking for adjusted earnings of $1.11 per share and $1.65 billion in revenue.
For the year-ago period, the Plano, TX-based beverage company earned $1.08 per diluted share on revenue of $1.63 billion.
Deutsche Bank analysts recently said they expect Dr Pepper to report adjusted earnings of $1.11, which is in line with Wall Street's estimates.
The firm has a "hold" rating and $97 price target on shares of the beverage company, according to FactSet.
"DPS has done a commendable job driving productivity, price and mix and optimizing its portfolio, and boosting growth by distributing fast growing niche brands," the firm noted.
Deutsche Bank added that a recent pullback in shares of Dr Pepper makes it more interesting.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
The team rates Dr Pepper as a Buy with a ratings score of A. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and expanding profit margins. The team feels its strengths outweigh the fact that the company shows weak operating cash flow.
You can view the full analysis from the report here: DPS