PepsiCo to Report Earnings Before Opening Bell Thursday

PepsiCo (PSP), the company that operates food and beverage brands such as Pepsi, Lays, Tropicana, Quaker Oats, and Gatorade is set to report earnings for the second quarter of 2015 on July 9th before the opening bell. According to Bloomberg, analysts are expecting earnings of $1.24 per share on earnings just shy of $16 billion, which, if accurate, would show a 6% drop in growth compared to last year's second quarter earnings. While this may be a $0.06 drop from the same quarter last year, PepsiCo has beat earnings expectations for the past four quarters in a row. Last quarter, PepsiCo said that they were on track to deliver approximately $1 billion in productivity savings for the year and will continue on course for delivering a $9 billion cash return to shareholders. Currently trading around $94, the median price target from analysts surveyed by Reuters is at $108. PepsiCo is trading roughly on par with where it was at the beginning of the year.