Keurig Dr Pepper's Q3 Financial Results Likely to Meet Consensus, RBC Capital Markets Says

MT Newswires Live10-30 23:32

Keurig Dr Pepper (KDP) is expected to deliver Q3 financial results that meet consensus expectations and reiterate its annual guidance, RBC Capital Markets said in a note Friday.

The company is scheduled to report Q3 financial results on Nov. 3.

Analysts said that while Keurig's coffee consumption trends look underwhelming, the refreshment beverages segment will likely drive growth in the quarter.

The stock has meaningfully benefited from the recent defensive market rotation, RBC said.

Analysts said that while sentiment remains mixed, they have seen increased interest in the name ahead of the early 2027 split of the business into Beverage and Global Coffee.

RBC Capital Markets has an outperform rating and a $42 price target on the stock.

Price: 35.79, Change: +0.48, Percent Change: +1.37

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment