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Procter & Gamble (PG) Stock Moves -0.41%: What You Should Know
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Procter & Gamble (PG - Free Report) closed the most recent trading day at $123.76, moving -0.41% from the previous trading session. This change was narrower than the S&P 500's 0.75% loss on the day. Elsewhere, the Dow lost 0.32%, while the tech-heavy Nasdaq lost 0.1%.
Coming into today, shares of the world's largest consumer products maker had lost 11.21% in the past month. In that same time, the Consumer Staples sector lost 8.38%, while the S&P 500 lost 8.4%.
Procter & Gamble will be looking to display strength as it nears its next earnings release, which is expected to be October 19, 2022. The company is expected to report EPS of $1.57, down 2.48% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $20.56 billion, up 1.11% from the year-ago period.
PG's full-year Zacks Consensus Estimates are calling for earnings of $5.93 per share and revenue of $81.22 billion. These results would represent year-over-year changes of +2.07% and +1.29%, respectively.
It is also important to note the recent changes to analyst estimates for Procter & Gamble. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.15% lower. Procter & Gamble is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Procter & Gamble is holding a Forward P/E ratio of 20.96. For comparison, its industry has an average Forward P/E of 20.96, which means Procter & Gamble is trading at a no noticeable deviation to the group.
It is also worth noting that PG currently has a PEG ratio of 3.2. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Soap and Cleaning Materials industry currently had an average PEG ratio of 3.08 as of yesterday's close.
The Soap and Cleaning Materials industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 218, which puts it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PG in the coming trading sessions, be sure to utilize Zacks.com.
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Procter & Gamble (PG) Stock Moves -0.41%: What You Should Know
Procter & Gamble (PG - Free Report) closed the most recent trading day at $123.76, moving -0.41% from the previous trading session. This change was narrower than the S&P 500's 0.75% loss on the day. Elsewhere, the Dow lost 0.32%, while the tech-heavy Nasdaq lost 0.1%.
Coming into today, shares of the world's largest consumer products maker had lost 11.21% in the past month. In that same time, the Consumer Staples sector lost 8.38%, while the S&P 500 lost 8.4%.
Procter & Gamble will be looking to display strength as it nears its next earnings release, which is expected to be October 19, 2022. The company is expected to report EPS of $1.57, down 2.48% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $20.56 billion, up 1.11% from the year-ago period.
PG's full-year Zacks Consensus Estimates are calling for earnings of $5.93 per share and revenue of $81.22 billion. These results would represent year-over-year changes of +2.07% and +1.29%, respectively.
It is also important to note the recent changes to analyst estimates for Procter & Gamble. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.15% lower. Procter & Gamble is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Procter & Gamble is holding a Forward P/E ratio of 20.96. For comparison, its industry has an average Forward P/E of 20.96, which means Procter & Gamble is trading at a no noticeable deviation to the group.
It is also worth noting that PG currently has a PEG ratio of 3.2. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Soap and Cleaning Materials industry currently had an average PEG ratio of 3.08 as of yesterday's close.
The Soap and Cleaning Materials industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 218, which puts it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PG in the coming trading sessions, be sure to utilize Zacks.com.