Keurig Dr Pepper Inc. (NYSE:KDP) Expected to Post Quarterly Sales of $3.33 Billion

Equities analysts predict that Keurig Dr Pepper Inc. (NYSE:KDP – Get Rating) will post sales of $3.33 billion for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Keurig Dr Pepper’s earnings, with the lowest sales estimate coming in at $3.28 billion and the highest estimate coming in at $3.37 billion. Keurig Dr Pepper posted sales of $3.14 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 6.1%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Keurig Dr Pepper will report full-year sales of $13.41 billion for the current financial year, with estimates ranging from $13.36 billion to $13.45 billion. For the next financial year, analysts expect that the business will post sales of $13.95 billion, with estimates ranging from $13.86 billion to $14.03 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Keurig Dr Pepper.

Keurig Dr Pepper (NYSE:KDP – Get Rating) last released its quarterly earnings results on Thursday, February 24th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.45. The company had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.31 billion.

Separately, StockNews.com upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating in a research note on Saturday, April 16th.

Keurig Dr Pepper stock opened at $37.40 on Monday. Keurig Dr Pepper has a twelve month low of $32.44 and a twelve month high of $39.35. The business has a 50-day simple moving average of $37.70.

About Keurig Dr Pepper (Get Rating)

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages segments. The Coffee Systems segment manufactures and distributes various finished goods related to its coffee systems, K-Cup pods, and brewers, as well as specialty coffee.

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