Keurig Dr Pepper Inc reports results for the quarter ended September 30 - Earnings Summary

• Keurig Dr Pepper Inc reported quarterly adjusted earnings of 66 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 54 cents. The mean expectation of seventeen analysts for the quarter was for earnings of 62 cents per share. Wall Street expected results to range from 58 cents to 64 cents per share.

• Revenue rose 70.6% to $7.34 billion from a year ago; analysts expected $7.33 billion.

• Keurig Dr Pepper Inc's reported EPS for the quarter was 59 cents​.

• The company reported quarterly net income of $810 million.

• Keurig Dr Pepper Inc shares had risen by 21.4% this quarter and gained 31.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.2% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the non-alcoholic beverages peer group is also "buy"

• Wall Street's median 12-month price target for Keurig Dr Pepper Inc is $37.50, about 1.8% above its last closing price of $36.82

This summary was machine generated from LSEG data November 3 at 02:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)