Shares of PepsiCo (PEP) closed at $180.93 during the last trading session, indicating a +0.38% increase from the previous day. This lagged the S&P 500’s daily gain of 1.45%. Elsewhere, the Dow was up 0.85% and the Nasdaq Technology Index was up 1.74%.

Heading into today, food and beverage stocks had lost 3.85% over the past month, outpacing the consumer goods and services sector’s loss of 4% and trailing the S&P 500’s loss of 3.08% over that time.

Investors are hoping for PepsiCo to strengthen its position ahead of its next earnings report. In that report, analysts expect PepsiCo to report earnings of $2.18 per share. This represents a year-over-year increase of 10.66%. According to our latest consensus estimate, the company will post quarterly revenue of $23.42 billion, up 6.59% year over year.

Looking at the full year, according to our Zacks consensus estimates, analysts expect earnings of $7.48 per share and revenue of $92.18 billion. Compared to last year, these numbers would change by +10.16% and +6.7%, respectively.