Keurig Dr Pepper Earnings: What To Look For From KDP

Beverage company Keurig Dr Pepper (NASDAQ:KDP) will be reporting results this Thursday morning. Here’s what investors should know.

Keurig Dr Pepper beat analysts’ revenue expectations last quarter, reporting revenues of $4.50 billion, up 10.5% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ revenue estimates but a miss of analysts’ gross margin estimates.

Is Keurig Dr Pepper a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Keurig Dr Pepper’s revenue to grow 5.5% year on year, in line with the 4.8% increase it recorded in the same quarter last year.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Keurig Dr Pepper rarely misses Wall Street’s revenue estimates.

Looking at Keurig Dr Pepper’s peers in the consumer staples segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Constellation Brands’s revenues decreased 11.3% year on year, beating analysts’ expectations by 2.3%, and Cal-Maine reported a revenue decline of 53%, topping estimates by 3.8%. Constellation Brands traded up 8.5% following the results while Cal-Maine was down 1.3%.

Read our full analysis of Constellation Brands’s results here and Cal-Maine’s results here.

There has been positive sentiment among investors in the consumer staples segment, with share prices up 4% on average over the last month. Keurig Dr Pepper’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $33 (compared to the current share price of $26.45).

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