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The Procter & Gamble Company (PG - Free Report) enjoys strong brand recognition with its consumer products sold in more than 180 countries. Its 21 Billion Dollar Brands like Tide, Pampers, Oral-B, that generate $1 billion to over $10 billion in sales annually, are some of the world’s most commonly used household names.
However, PG has been under pressure due to a challenging operating environment since quite some time. Slowing global market growth, strong currency headwinds, market level challenges in the Ukraine, Russia and the Middle East, Venezuela, Argentina and Hong Kong, and rising commodity costs have made P&G’s operating environment challenging, hampering its growth.
Nevertheless, P&G is in the process of turning around its business through divesture of underperforming brands, aggressive cost savings, making focused investments in innovation and go-to-market capabilities and improved execution.
Investors should also note that the consensus estimate has remained unchanged for PG over the last 30 days. However, PG’s earnings season was a decent one. P&G has delivered positive earnings surprise in all the past four quarters which translated into an average earnings surprise of 5.83% for the trailing four quarters.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: PG reported core earnings of $1.03 per share, beating our consensus estimate of 98 cents/share. Investors should note that these figures take out stock option expenses.
Revenues: PG reported revenues of $16.52 billion, marginally beating our consensus estimate of $16.46 billion.
Key Stats to Note: Organically, excluding the impact of acquisitions, divestitures and foreign exchange, revenues grew 3% on higher volumes. Shipment volume gained 3%. Currency impact hurt sales by 3%.
Stock Price: PG stock was up 0.59% in the pre-market trading at the time of writing.
Check back later for our full write up on this PG earnings report later!
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Procter & Gamble (PG) Q1 Earnings, Sales Beat Estimates
The Procter & Gamble Company (PG - Free Report) enjoys strong brand recognition with its consumer products sold in more than 180 countries. Its 21 Billion Dollar Brands like Tide, Pampers, Oral-B, that generate $1 billion to over $10 billion in sales annually, are some of the world’s most commonly used household names.
However, PG has been under pressure due to a challenging operating environment since quite some time. Slowing global market growth, strong currency headwinds, market level challenges in the Ukraine, Russia and the Middle East, Venezuela, Argentina and Hong Kong, and rising commodity costs have made P&G’s operating environment challenging, hampering its growth.
Nevertheless, P&G is in the process of turning around its business through divesture of underperforming brands, aggressive cost savings, making focused investments in innovation and go-to-market capabilities and improved execution.
Investors should also note that the consensus estimate has remained unchanged for PG over the last 30 days. However, PG’s earnings season was a decent one. P&G has delivered positive earnings surprise in all the past four quarters which translated into an average earnings surprise of 5.83% for the trailing four quarters.
Currently, PG has a Zacks Rank #3 (Hold), but that could definitely change following P&G’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
PROCTER & GAMBL Price and EPS Surprise
PROCTER & GAMBL Price and EPS Surprise | PROCTER & GAMBL Quote
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: PG reported core earnings of $1.03 per share, beating our consensus estimate of 98 cents/share. Investors should note that these figures take out stock option expenses.
Revenues: PG reported revenues of $16.52 billion, marginally beating our consensus estimate of $16.46 billion.
Key Stats to Note: Organically, excluding the impact of acquisitions, divestitures and foreign exchange, revenues grew 3% on higher volumes. Shipment volume gained 3%. Currency impact hurt sales by 3%.
Stock Price: PG stock was up 0.59% in the pre-market trading at the time of writing.
Check back later for our full write up on this PG earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>