Top stocks, quarterly earnings to watch this week

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 Top stocks, quarterly earnings to watch this week
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Highlights

  • PepsiCo, Inc. (NASDAQ: PEP) will release its quarterly earnings on October 5.

  • Constellation Brands, Inc. (NYSE: STZ) is expected to release its Q2, FY22 earnings on October 6.

  • Levi Strauss & Co’s (NYSE: LEVI) revenue surged 156% YoY in Q2, FY21.

Investors will keep a close watch on some of the top companies scheduled to release their quarterly earnings this week. The first two quarters saw significant earnings growth boosted by a sustained pace of economic recovery and the absence of major disruptions in the market.

Covid concerns also had reduced in Q2 with rapid vaccinations. In addition, consumer confidence was up, bolstering robust gains in the quarter. Here we explore some of the top companies that are expected to report their quarterly earnings this week.

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PepsiCo, Inc. (NASDAQ: PEP)


PepsiCo is a food, snacks, and beverage company based in Harrison, New York. It manufactures and markets food and beverage products globally under the PepsiCo brand and its subsidiaries.

The shares traded at US$149.82 at 12:30 pm ET on Oct 4, down 0.78 percent from its closing price of Oct 1. Its stock value increased by 4.63 percent YTD.

The firm has a market cap of US$207.15 billion, a P/E ratio of 25.32, and a forward P/E one year of 24.19. Its EPS is US$5.92.

PepsiCo is expected to report its Q3 earnings on October 5 before the market opens.

In Q2, FY21, the company's net revenue was US$19.21 billion compared to US$15.94 billion in the year-ago quarter. Its net income was 2.37 billion against US$1.65 billion in Q2, FY20.

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Earnings this week: PEP, STZ, LEVI, HELE, CAG


Constellation Brands, Inc. (NYSE: STZ)


Constellation Brands is a beverage and alcohol company that has operations in various international markets. The company produces beer, wine, and other spirits, and it is based in Victor (village), New York.

The stock was priced at US$213.40 at 12:35 pm ET on Oct 4, down 0.04 percent from its previous closing price. The STZ stock fell 1.5 percent YTD.

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The market cap is US$41.13 billion, the P/E ratio is 33.56, and the forward P/E one year is 21.22. Its EPS is US$6.38. The firm is expected to report its Q2, FY22, earnings on Wednesday, Oct 6, before the opening bell.

The company's net sales were US$2.02 billion in Q1, FY22, compared to US$1.96 billion in the same quarter of the previous year. It reported a net loss of US$897.3 million, against a loss of US$172.6 million in Q1, FY21.

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Levi Strauss & Co. (NYSE: LEVI)

Levi Strauss is a San Francisco, California-based apparel company that offers its services globally. It is mainly known for its denim jeans.

The shares traded at US$25.429 at 12:42 pm ET October 4, up 1.72 percent from their closing price of October 1. Its stock value rose 27.23 percent YTD. The firm has a market cap of US$10.24 billion, a P/E ratio of 35.43, and a forward P/E one year of 18.66. Its EPS is US$0.72.

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The company is expected to release its Q3, FY21 earnings results on October 6, at 5 pm ET.

The company's revenue soared around 156 percent YoY to US$1.27 billion in Q2, FY21. Its net income came in at US$65 million, against a loss of US$364 million in the second quarter of fiscal 2020.

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Helen of Troy Limited (NASDAQ: HELE)

Helen of Troy is a consumer product company based in El Paso, Texas. It provides a range of household, health, and beauty products to consumers.

The stock was priced at US$223.07 at 12:47 pm ET on October 4, down 0.93 percent from its previous closing price. The HELE stock ticked up 2.25 percent YTD. The market cap is US$64.59 billion, the P/E ratio is 22.38, and the forward P/E one year is 23.93. Its EPS is US$9.98.

The company will release its Q2, FY22 earnings results on October 7, at 9:00 am ET.

The company's sales revenue was US$541.22 million in Q1, FY22, compared to US$420.83 million in the year-ago quarter. Its net income came in at US$56.97 million, compared to US$60.28 million in Q1, FY21.

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Earnings to watch as fourth-quarter kicks in

Source: Pixabay

ConAgra Brands, Inc. (NYSE: CAG)


ConAgra Brands is a food company that manufactures and sells consumer packaged foods. It is based in Chicago, Illinois.

Its shares traded at US$33.89 at 12:52 pm ET on October 4, up 0.56 percent from its closing price of October 1. Its stock value fell 6.36 percent YTD. The firm has a market cap of US$16.27 billion, a P/E ratio of 12.73, and a forward P/E one year of 13.64. Its EPS is US$2.66.

The company will report its Q1, FY22 earnings results on October 7, at 9:30 am ET.

The net sales of the company were US$2.73 billion in Q4, FY21, compared to US$3.28 billion in the same quarter of the previous year. Its net income was US$309.9 million, compared to US$201.3 million in Q4, FY20.

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Bottomline

Investors would keenly wait for the latest earnings in the coming days. However, the US markets have witnessed various ups and downs in the third quarter amid a surge in the Delta variant and trends in the global markets and geopolitical developments. In addition, Inflation concerns and supply bottlenecks also have weighed on investors’ minds. However, investors should evaluate the stocks carefully before investing in stocks.

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