Dr Pepper Snapple Group, Inc. (DPS) is an integrated brand owner, manufacturer and distributor of non-alcoholic beverages in the United States, Canada and Mexico with a diverse portfolio of flavored (non-cola) carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks and mixers. DPS is currently trading around $65.25 in a 52 week range of $45.01 – 65.77. The company’s stock has been outperforming the market this year with shares increasing 33.92% year to date. Shares have traded flat in the last month, down only .3% since Sept 23.
DPS is scheduled to report Q3 2014 earnings at 9:30AM EDT tomorrow, Thursday, October 23th. According to Zacks Investment Research, based on 10 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.88. The reported EPS for the same quarter last year was $0.88. Last quarter, the company reported $1.06 EPS, beating the Thomson Reuters consensus estimate of $0.90 by $0.16. DPS had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.62 billion.
Looking at the company’s earnings history, DPS has rallied 5 of the last 8 quarters. On average, the stock has moved about 3.2% in the last 8 quarters as a result of earnings releases. This earnings season, market makers are implying about a +- 6.5% move in the stock for the November monthly option chain. DPS has been trading above the Ichimoku Cloud on the daily chart since February, which indicates strong bullish momentum for the stock.
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