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Procter & Gamble (PG) Increases Yet Falls Behind Market: What Investors Need to Know
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Procter & Gamble (PG - Free Report) closed the most recent trading day at $156.10, moving +0.42% from the previous trading session. This move lagged the S&P 500's daily gain of 1.11%. On the other hand, the Dow registered a gain of 0.8%, and the technology-centric Nasdaq increased by 1.24%.
Coming into today, shares of the world's largest consumer products maker had lost 3.22% in the past month. In that same time, the Consumer Staples sector lost 3.94%, while the S&P 500 gained 0.48%.
The investment community will be closely monitoring the performance of Procter & Gamble in its forthcoming earnings report. The company is scheduled to release its earnings on April 19, 2024. The company is forecasted to report an EPS of $1.42, showcasing a 3.65% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $20.51 billion, up 2.22% from the prior-year quarter.
PG's full-year Zacks Consensus Estimates are calling for earnings of $6.45 per share and revenue of $84.86 billion. These results would represent year-over-year changes of +9.32% and +3.48%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Procter & Gamble. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Procter & Gamble is carrying a Zacks Rank of #2 (Buy).
With respect to valuation, Procter & Gamble is currently being traded at a Forward P/E ratio of 24.09. This valuation marks no noticeable deviation compared to its industry's average Forward P/E of 24.09.
We can also see that PG currently has a PEG ratio of 3.18. 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 was holding an average PEG ratio of 3.26 at yesterday's closing price.
The Soap and Cleaning Materials industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 36, finds itself in the top 15% echelons 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Procter & Gamble (PG) Increases Yet Falls Behind Market: What Investors Need to Know
Procter & Gamble (PG - Free Report) closed the most recent trading day at $156.10, moving +0.42% from the previous trading session. This move lagged the S&P 500's daily gain of 1.11%. On the other hand, the Dow registered a gain of 0.8%, and the technology-centric Nasdaq increased by 1.24%.
Coming into today, shares of the world's largest consumer products maker had lost 3.22% in the past month. In that same time, the Consumer Staples sector lost 3.94%, while the S&P 500 gained 0.48%.
The investment community will be closely monitoring the performance of Procter & Gamble in its forthcoming earnings report. The company is scheduled to release its earnings on April 19, 2024. The company is forecasted to report an EPS of $1.42, showcasing a 3.65% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $20.51 billion, up 2.22% from the prior-year quarter.
PG's full-year Zacks Consensus Estimates are calling for earnings of $6.45 per share and revenue of $84.86 billion. These results would represent year-over-year changes of +9.32% and +3.48%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Procter & Gamble. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Procter & Gamble is carrying a Zacks Rank of #2 (Buy).
With respect to valuation, Procter & Gamble is currently being traded at a Forward P/E ratio of 24.09. This valuation marks no noticeable deviation compared to its industry's average Forward P/E of 24.09.
We can also see that PG currently has a PEG ratio of 3.18. 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 was holding an average PEG ratio of 3.26 at yesterday's closing price.
The Soap and Cleaning Materials industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 36, finds itself in the top 15% echelons 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.