Markets

Dr. Pepper Snapple (DPS) Tops Q3 Earnings and Revenues

Dr. Pepper Snapple Inc.DPS manufactures and distributes some of the most popular carbonated soft drinks and non carbonated beverage brands in the U.S. It holds the #1 position in the flavored non-cola CSD market in the U.S. with a market share of almost 40% in the U.S. Dr Pepper soft drink, its most popular CSD brand, holds the #2 position in the flavored CSD market in the U.S.

Dr. Pepper delivered strong performance in the first two quarters of 2016, on the back of pricing gains, innovations, strong NCB performance, powerful marketing programs and productivity improvements. However, currency headwinds, increased marketing expenses, soft volumes are some of the headwinds hurting Dr. Pepper's results.

Investors should however note that the recent earnings estimate revisions for DPS has been stable. Moreover, DPS has solid history when it comes to recent earnings reports as the stock has posted positive surprises in all of the last four quarters with an average surprise of 5.06%.

Currently, DPS has a Zacks Rank #2 (Buy), but that could change following Dr. Pepper's earnings report which was just released. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

DR PEPPER SNAPL Price and EPS Surprise

DR PEPPER SNAPL Price and EPS Surprise | DR PEPPER SNAPL Quote

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: DPS beat on earnings. Our consensus earnings estimate called for EPS of $1.11 per share, and the company reported EPS of $1.17 instead. Investors should note that these figures take out stock option expenses.

Revenues: DPS reported revenues of $1.68 billion. This beat our consensus estimate of $1.66 billion.

Key Stats to Note: Sales volume was up 1% in the quarter.

DPS boosted its earnings guidance and now expects full year 2016 Core EPS in the $4.32 to $4.40 range.

Stock Price: Inactive in pre-market trading .

Check back later for our full write up on this DPS earnings report later.

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DR PEPPER SNAPL (DPS): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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