Keurig Dr Pepper Inc. is poised to announce its first-quarter results for 2026 on April 23, prior to market opening. Anticipation surrounds this report, particularly regarding expected revenue growth. The Zacks Consensus Estimate predicts quarterly revenues to reach $3.83 billion, reflecting a 5.4% increase compared to the same period last year.
The consensus forecast for KDP’s first-quarter earnings has remained steady at 36 cents per share over the past month. However, this forecast indicates a 14.3% decline on a year-over-year basis.
In its last reporting period, the company achieved a positive earnings surprise of 1.7%, with an average earnings surprise of 3.1% over the trailing four quarters.
Keurig Dr Pepper, Inc Price and EPS Surprise
Keurig Dr Pepper, Inc price-eps-surprise | Keurig Dr Pepper, Inc Quote
What the Zacks Model Unveils
Our model indicates a likely earnings beat for Keurig Dr Pepper this quarter. The presence of a positive Earnings ESP and a favorable Zacks Rank (ratings of #1 for Strong Buy, #2 for Buy, or #3 for Hold) enhances the likelihood of this outcome. KDP currently boasts an Earnings ESP of +2.27% along with a Zacks Rank of #2.
Key Factors to Note Ahead of KDP’s Q1 Results
KDP’s first-quarter results are anticipated to benefit from robust growth within the U.S. Refreshment Beverages sector. This segment’s momentum, supported by strong performances in carbonated soft drinks, energy drinks, and sports hydration, is expected to contribute to top-line growth through innovation, pricing strategies, and effective market activation.
Increased net pricing, alongside improved volume and product mix, has contributed positively to performance, with market share gains occurring in essential categories including carbonated soft drinks and energy beverages.
The company’s innovative execution and strategic marketing approaches are likely driving its market share growth. Investments in product innovation, along with ongoing sales momentum, and focused cost management are expected to continue supporting earnings and generating healthy free cash flow.
KDP remains committed to enhancing its core operations while preparing for the next stage of transformation, which includes the integration of JDE Peet’s and a strategic separation into two targeted, pure-play businesses.
The Zacks Consensus Estimate for the Refreshment Beverages unit stands at $2.7 billion, representing a 12.5% year-over-year increase.
However, KDP is still contending with a challenging cost environment, particularly with elevated green coffee prices and tariff impacts affecting profitability within the U.S. Coffee segment. Although pricing strategies and productivity improvements are helping mitigate inflation, management anticipates that coffee-related cost pressures will peak in the first quarter of 2026 and begin to ease in the latter half of the year due to hedging and inventory timing.
Valuation Picture
In terms of valuation, Keurig Dr Pepper’s stock is currently priced below historical and industry averages. With a forward 12-month price-to-earnings ratio of 11.1X, this is significantly less than its five-year peak of 23.33X and the industry average of 18.58X, presenting a compelling value proposition for investors interested in this sector.
Recent market trends indicate that KDP shares have dipped by 5.2% over the past three months, contrasting with a 5.3% growth in the industry.
Stocks With the Favorable Combination
Below are some companies identified by our model as having the right elements to exceed earnings expectations in this reporting cycle.
The Coca-Cola Company
KO currently has an Earnings ESP of +0.54% and a Zacks Rank of 3. The consensus estimate for Coca-Cola’s Q1 2026 revenue stands at $12.3 billion, reflecting a growth of 10.6% from the previous year. You can see
the complete list of today’s Zacks #1 Rank stocks here
.
The Zacks Consensus Estimate for Coca-Cola’s Q1 EPS is slated at 81 cents, indicating an expected increase of 11% year-over-year. KO has delivered an average trailing four-quarter earnings surprise of 3.6%.
Molson Coors Beverage Company
TAP currently has an Earnings ESP of +9.55% and a Zacks Rank of 3. The consensus estimate for Q1 2026 revenues is $2.3 billion, signifying a rise of 1.4% from the same quarter last year.
The Zacks Consensus Estimate for TAP’s Q1 earnings per share is 37 cents, which suggests a decline of 26% from the previous year. TAP experienced a negative earnings surprise of 6.2% over the last four quarters.
Altria Group
MO currently has an Earnings ESP of +0.52% and a Zacks Rank of 3. The expected revenue for Altria Group’s Q1 2026 is projected at $4.56 billion, offering a slight increase of 0.9% from last year’s figures.
The Zacks Consensus Estimate for Altria Group’s Q1 EPS stands at $1.24, anticipating a year-over-year growth of 0.8%. MO has realized an average trailing four-quarter earnings surprise of 2.5%.
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CocaCola Company (The) (KO): Free Stock Analysis Report
Altria Group, Inc. (MO): Free Stock Analysis Report
Molson Coors Beverage Company (TAP): Free Stock Analysis Report
Keurig Dr Pepper, Inc (KDP): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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Key Takeaways
- Keurig Dr Pepper Inc. will release its first-quarter results on April 23, 2026.
- Expected revenue growth is projected to reach $3.83 billion, a 5.4% rise from the previous year.
- The first-quarter earnings expectation remains at 36 cents per share, indicating a decline of 14.3% year-over-year.
- Innovation and market strategies are propelling growth in the Refreshment Beverages segment.
- KDP continues to operate under challenging cost conditions, particularly within the coffee segment.
- The stock offers attractive valuations compared to historical benchmarks.
- Potential earnings beats are forecasted for KDP based on the current model.
FAQ
When will Keurig Dr Pepper announce its first-quarter results?
Keurig Dr Pepper is scheduled to announce its first-quarter results on April 23, 2026.
What are the expected revenue figures for KDP?
The Zacks Consensus Estimate forecasts KDP’s revenue to be $3.83 billion for the first quarter, reflecting a 5.4% increase year-over-year.
How is KDP performing in the Refreshment Beverages market?
KDP is expected to showcase strong growth driven by its Refreshment Beverages segment, bolstered by carbonated soft drinks and energy beverages.
