Ahead Of Pepsico's Q1 Results

(RTTNews) - Snack and beverage giant Pepsico Inc. (PEP) is set to release first-quarter earnings before the bell on Monday. The beverage company is expected to report a slight decline in earnings and revenues from last year.

Going by past records, we expect Pepsi to meet or beat earnings estimates by a single-digit percentage. Whether it would make an impact on the stock price is doubtful, as the stock is already trading close to its 52-week high. We also believe the stock is fully valued at the current price point. But, there is the outlook element. If the company manages to issue fizzy guidance, there are chances of the stock perking up.

Take a look at the slide show for more details.