PepsiCo (PEP) Tops Q3 Earnings and Revenue Estimates

PepsiCo reported Q3 2026 earnings of $2.34 per share, beating consensus estimates of $2.29, with revenues of $25.27 billion exceeding expectations. However, the company received a Zacks Rank #4 (Sell) rating due to unfavorable estimate revision trends ahead of the earnings release. The stock has underperformed the S&P 500 by 13.8% year-to-date, and the beverage industry ranks in the bottom 22% of Zacks industries.