We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Zacks Analyst Blog Highlights Procter & Gamble, Coca-Cola, The Progressive, Zoetis and Palo Alto Networks
Read MoreHide Full Article
For Immediate Release
Chicago, IL – November 30, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: The Procter & Gamble Company (PG - Free Report) , The Coca-Cola Company (KO - Free Report) , The Progressive (PGR - Free Report) , Zoetis (ZTS - Free Report) and Palo Alto Networks (PANW - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
Top Stock Reports for Procter & Gamble, Coca-Cola and Progressive
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including The Procter & Gamble Company, The Coca-Cola Company and The Progressive. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Shares of Procter & Gamble have outperformed the Zacks Soap and Cleaning Materials industry over the past year (-1.6% vs. -3.1%) as well as the S&P 500 index (-1.6% vs. -16.4%). This performance momentum has been underpinned by a history of outperformance, with the recent strong Q3 report the 10th straight quarter of better-than-expected top and bottom line results. Sales improved year over year driven by robust pricing and a favorable mix, along with strength across segments.
Improved productivity amid cost headwinds has also aided the results. It witnessed SG&A expense leverage, owing to savings from overhead and marketing expenses, and cost leverage gains due to higher sales and real estate.
However, commodity cost inflation, increase in freight costs, product and packaging investments and other impacts hurt margins. Also, it issued a drab fiscal 2023 view due to inflation, higher freight and currency woes.
Coca-Cola shares have gained +14.9% over the past year, modestly outperforming Pepsi at +12% and doing significantly better than the S&P 500 index at -16.4%. Its top and bottom lines surpassed estimates for the seventh straight quarter in Q3. The company's results benefited from the continued momentum from the first half of 2022. Sales gained from revenue growth across its operating segments, aided by an improved price/mix and an increase in concentrate sales.
Coca-Cola benefited from underlying share gains in both at-home and away-from-home channels. It raised the organic revenues and comparable earnings per share growth guidance for 2022. It is poised to gain from innovations and accelerating digital investments.
However, pressures from higher supply chain costs, including transportation and input costs remain. Higher marketing spends and currency headwinds are also concerning.
Shares of Progressive have outperformed the Zacks Insurance - Property and Casualty industry over the past year (+39.9% vs. +13.9%). The company continues to gain on higher premiums, given its compelling product portfolio, leadership position and strength in both Vehicle and Property businesses.
Focus on becoming a one-stop insurance destination, catering to customers opting for a combination of home and auto insurance, augurs well for the company's growth. Policies in force and retention ratio should remain healthy. Competitive pricing to retain current customers and address customer needs with new offerings should continue to drive policy life expectancy.
However, exposure to catastrophe losses induces underwriting volatility. Escalating expenses due to higher losses and settlement expenses remain an overhang on the company's margin. High debt level along with low times earned interest pose financial risk.
Other noteworthy reports we are featuring today include Zoetis and Palo Alto Networks.
Why Haven't You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
The Zacks Analyst Blog Highlights Procter & Gamble, Coca-Cola, The Progressive, Zoetis and Palo Alto Networks
For Immediate Release
Chicago, IL – November 30, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: The Procter & Gamble Company (PG - Free Report) , The Coca-Cola Company (KO - Free Report) , The Progressive (PGR - Free Report) , Zoetis (ZTS - Free Report) and Palo Alto Networks (PANW - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
Top Stock Reports for Procter & Gamble, Coca-Cola and Progressive
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including The Procter & Gamble Company, The Coca-Cola Company and The Progressive. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today's research reports here >>>
Shares of Procter & Gamble have outperformed the Zacks Soap and Cleaning Materials industry over the past year (-1.6% vs. -3.1%) as well as the S&P 500 index (-1.6% vs. -16.4%). This performance momentum has been underpinned by a history of outperformance, with the recent strong Q3 report the 10th straight quarter of better-than-expected top and bottom line results. Sales improved year over year driven by robust pricing and a favorable mix, along with strength across segments.
Improved productivity amid cost headwinds has also aided the results. It witnessed SG&A expense leverage, owing to savings from overhead and marketing expenses, and cost leverage gains due to higher sales and real estate.
However, commodity cost inflation, increase in freight costs, product and packaging investments and other impacts hurt margins. Also, it issued a drab fiscal 2023 view due to inflation, higher freight and currency woes.
(You can read the full research report on Procter & Gamble here >>>)
Coca-Cola shares have gained +14.9% over the past year, modestly outperforming Pepsi at +12% and doing significantly better than the S&P 500 index at -16.4%. Its top and bottom lines surpassed estimates for the seventh straight quarter in Q3. The company's results benefited from the continued momentum from the first half of 2022. Sales gained from revenue growth across its operating segments, aided by an improved price/mix and an increase in concentrate sales.
Coca-Cola benefited from underlying share gains in both at-home and away-from-home channels. It raised the organic revenues and comparable earnings per share growth guidance for 2022. It is poised to gain from innovations and accelerating digital investments.
However, pressures from higher supply chain costs, including transportation and input costs remain. Higher marketing spends and currency headwinds are also concerning.
(You can read the full research report on Coca-Cola here >>>)
Shares of Progressive have outperformed the Zacks Insurance - Property and Casualty industry over the past year (+39.9% vs. +13.9%). The company continues to gain on higher premiums, given its compelling product portfolio, leadership position and strength in both Vehicle and Property businesses.
Focus on becoming a one-stop insurance destination, catering to customers opting for a combination of home and auto insurance, augurs well for the company's growth. Policies in force and retention ratio should remain healthy. Competitive pricing to retain current customers and address customer needs with new offerings should continue to drive policy life expectancy.
However, exposure to catastrophe losses induces underwriting volatility. Escalating expenses due to higher losses and settlement expenses remain an overhang on the company's margin. High debt level along with low times earned interest pose financial risk.
(You can read the full research report on Progressive here >>>)
Other noteworthy reports we are featuring today include Zoetis and Palo Alto Networks.
Why Haven't You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
See Stocks Free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.