Shares of PepsiCo (PEP) closed at $172.64 in the last trading session, down -0.5% from the previous day. The move was less than the S&P 500’s daily loss of 1.53%. Meanwhile, the Dow lost 1.72% and the Nasdaq, an index with high tech potential, lost 3.27%.

On the eve of today, food and beverage stocks gained 0.98% over the past month, outpacing the consumer staples sector loss of 0.41% and the S&P 500 loss of 1.28% during that time.

Wall Street will expect positivity from PepsiCo as the next earnings report date approaches. The company is expected to report earnings per share of $1.37, up 6.2% from the previous quarter. Our latest consensus forecast puts quarterly revenue at $17.18 billion, up 6.05% from a year earlier.

PEP is projected to post full-year earnings of $7.23 per share and revenue of $89.48 billion. These full-year results would be +6.48% and +3.58%, respectively.