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Procter & Gamble (PG) Stock Moves -0.46%: What You Should Know
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Procter & Gamble (PG - Free Report) closed at $152.54 in the latest trading session, marking a -0.46% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.35%. At the same time, the Dow lost 1.08%, and the tech-heavy Nasdaq lost 1.87%.
Prior to today's trading, shares of the world's largest consumer products maker had lost 0.45% over the past month. This has was narrower than the Consumer Staples sector's loss of 3.72% and the S&P 500's loss of 2.06% in that time.
Procter & Gamble will be looking to display strength as it nears its next earnings release. In that report, analysts expect Procter & Gamble to post earnings of $1.71 per share. This would mark year-over-year growth of 8.92%. Meanwhile, our latest consensus estimate is calling for revenue of $21.6 billion, up 4.81% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.39 per share and revenue of $85.67 billion. These totals would mark changes of +8.31% and +4.46%, respectively, from last year.
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. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate has moved 1.13% higher. 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 24. This represents a premium compared to its industry's average Forward P/E of 23.21.
Meanwhile, PG's PEG ratio is currently 3.81. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Soap and Cleaning Materials stocks are, on average, holding a PEG ratio of 3.43 based on yesterday's closing prices.
The Soap and Cleaning Materials industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 109, which puts it in the top 44% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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 -0.46%: What You Should Know
Procter & Gamble (PG - Free Report) closed at $152.54 in the latest trading session, marking a -0.46% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.35%. At the same time, the Dow lost 1.08%, and the tech-heavy Nasdaq lost 1.87%.
Prior to today's trading, shares of the world's largest consumer products maker had lost 0.45% over the past month. This has was narrower than the Consumer Staples sector's loss of 3.72% and the S&P 500's loss of 2.06% in that time.
Procter & Gamble will be looking to display strength as it nears its next earnings release. In that report, analysts expect Procter & Gamble to post earnings of $1.71 per share. This would mark year-over-year growth of 8.92%. Meanwhile, our latest consensus estimate is calling for revenue of $21.6 billion, up 4.81% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.39 per share and revenue of $85.67 billion. These totals would mark changes of +8.31% and +4.46%, respectively, from last year.
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. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate has moved 1.13% higher. 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 24. This represents a premium compared to its industry's average Forward P/E of 23.21.
Meanwhile, PG's PEG ratio is currently 3.81. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Soap and Cleaning Materials stocks are, on average, holding a PEG ratio of 3.43 based on yesterday's closing prices.
The Soap and Cleaning Materials industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 109, which puts it in the top 44% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.