Earnings To Watch: Keurig Dr Pepper (KDP) Reports Q4 Results Tomorrow

Adam Hejl /
2024/02/21 2:01 am EST

Beverage company Keurig Dr Pepper (NASDAQ:KDP) will be reporting results tomorrow before market hours. Here's what investors should know.

Last quarter Keurig Dr Pepper reported revenues of $3.81 billion, up 5.1% year on year, in line with analyst expectations. It was a mixed quarter for the company, with revenue roughly in line with analysts' expectations. On the other hand, its operating margin missed analysts' expectations and its EPS missed Wall Street's estimates.

Is Keurig Dr Pepper buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Keurig Dr Pepper's revenue to grow 2.7% year on year to $3.91 billion, slowing down from the 12.1% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.54 per share.

Keurig Dr Pepper Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company only missed Wall St's revenue estimates once over the last two years, and has on average exceeded top line expectations by 1.9%.

Looking at Keurig Dr Pepper's peers in the consumer staples segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Molson Coors delivered top-line growth of 6.1% year on year, beating analyst estimates by 0.4% and Coca-Cola reported revenues up 7.4% year on year, exceeding estimates by 2.8%. Both stocks (Molson Coors and Coca-Cola) traded flat on the results.

Read our full analysis of Molson Coors's results here and Coca-Cola's results here.

Investors in the consumer staples segment have had steady hands going into the earnings, with the stocks flat on average over the last month. Keurig Dr Pepper is down 1.1% during the same time, and is heading into the earnings with analyst price target of $35.8, compared to share price of $31.39.

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