PepsiCo, Delta Air Lines, Conagra Brands earnings: What to watch

Yahoo Finance Live anchor Seana Smith looks ahead to the corporate earnings due out on Thursday, July 13.

Video transcript

SEANA SMITH: Let's take a look at what to watch tomorrow. Investors have a slew of earnings to look forward to starting with PepsiCo. The company is set to report its second quarter results tomorrow ahead of the market open.

Pricing gains may once again help the company's top line growth with analysts expecting $21.7 billion in sales on earnings of $1.96 a share.

This as investors will be keen to see if volume levels return to growth. We know that's a key data point here for this earnings report. Shares up just a bit in extended trading here, up just about a tenth of a percent.

Another earnings report tomorrow. On deck is Delta Airlines. The stock has been flying high in 2023 with shares up over 40% year to date amid surging demand for travel. Higher airfares also easing fuel costs expected to help quarterly results. Consensus is for revenue of $14.44 billion on earnings of $2.41 a share.

And last but not least, we'll get another look at the consumer with Conagra Brands. Now expectations are for sales of $2.99 billion essentially $3 billion on earnings of $0.59. Price gains may help drive that top line number. However, supply chain disruptions will be a headwind for investors to watch.