Stocks in Focus: PepsiCo, Packaging Corp, GM, Hibbett, Tesla

Before the opening bell, Wall Street anticipates PepsiCo to report earnings per share of $1.52 on $18.08 billion in revenue. In its first quarter, Packaging Corporation of America surpassed earnings projections and predicts second-quarter earnings of $2.07 per share. General Motors is projected to report earnings of $2.14 per share on revenue of $41.88 billion before markets open. Hibbett has agreed to be acquired by JD Sports Fashion for $87.50 per share in cash, valuing the transaction at $1.1 billion. Tesla is expected to report earnings of 51 cents per share on $22.34 billion in revenue after the closing bell.

PepsiCo’s Q1 Earnings Preview: Estimates and Analyst Insights

Food and beverage giant PepsiCo (PEP) is expected to report its first-quarter financial results before the market opens on Tuesday. Analysts estimate the company will report revenue of $18.08 billion and earnings per share of $1.52, representing modest growth compared to the previous year’s first quarter. While Pepsi has consistently surpassed expectations in recent quarters, analysts warn that a Quaker recall and a slowdown in salty snacks could impact the results. Despite these concerns, analysts remain bullish on Pepsi’s long-term prospects, citing its international growth and strong brands.

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