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P&G (PG) Reports Q1 Earnings: What Key Metrics Have to Say
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Procter & Gamble (PG - Free Report) reported $21.74 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 0.6%. EPS of $1.93 for the same period compares to $1.83 a year ago.
The reported revenue represents a surprise of -0.88% over the Zacks Consensus Estimate of $21.93 billion. With the consensus EPS estimate being $1.90, the EPS surprise was +1.58%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how P&G performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Organic Sales Growth (YoY change) - Beauty: -2% versus 2.1% estimated by six analysts on average.
Organic Sales Growth (YoY change) - Grooming: 3% versus the six-analyst average estimate of 4.5%.
Organic Sales Growth (YoY change) - Health Care: 4% versus 4.1% estimated by six analysts on average.
Organic Sales Growth (YoY change) - Fabric & Home Care: 3% versus the six-analyst average estimate of 1.6%.
Organic Sales Growth (YoY change) - Total P&G: 2% compared to the 2% average estimate based on five analysts.
Net sales- Beauty: $3.89 billion versus the eight-analyst average estimate of $4.10 billion. The reported number represents a year-over-year change of -5%.
Net sales- Grooming: $1.72 billion versus $1.75 billion estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a -0.1% change.
Net sales- Corporate: $163 million versus the eight-analyst average estimate of $144.88 million. The reported number represents a year-over-year change of +13.2%.
Net sales- Fabric & Home Care: $7.71 billion versus the eight-analyst average estimate of $7.65 billion. The reported number represents a year-over-year change of +0.8%.
Net sales- Baby, Feminine & Family Care: $5.10 billion compared to the $5.13 billion average estimate based on eight analysts. The reported number represents a change of -1.6% year over year.
Net sales- Health Care: $3.15 billion compared to the $3.15 billion average estimate based on eight analysts. The reported number represents a change of +2.4% year over year.
Earnings before income taxes- Beauty: $1.07 billion versus $1.31 billion estimated by four analysts on average.
Shares of P&G have returned +0.4% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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P&G (PG) Reports Q1 Earnings: What Key Metrics Have to Say
Procter & Gamble (PG - Free Report) reported $21.74 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 0.6%. EPS of $1.93 for the same period compares to $1.83 a year ago.
The reported revenue represents a surprise of -0.88% over the Zacks Consensus Estimate of $21.93 billion. With the consensus EPS estimate being $1.90, the EPS surprise was +1.58%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how P&G performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Organic Sales Growth (YoY change) - Beauty: -2% versus 2.1% estimated by six analysts on average.
- Organic Sales Growth (YoY change) - Grooming: 3% versus the six-analyst average estimate of 4.5%.
- Organic Sales Growth (YoY change) - Health Care: 4% versus 4.1% estimated by six analysts on average.
- Organic Sales Growth (YoY change) - Fabric & Home Care: 3% versus the six-analyst average estimate of 1.6%.
- Organic Sales Growth (YoY change) - Total P&G: 2% compared to the 2% average estimate based on five analysts.
- Net sales- Beauty: $3.89 billion versus the eight-analyst average estimate of $4.10 billion. The reported number represents a year-over-year change of -5%.
- Net sales- Grooming: $1.72 billion versus $1.75 billion estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a -0.1% change.
- Net sales- Corporate: $163 million versus the eight-analyst average estimate of $144.88 million. The reported number represents a year-over-year change of +13.2%.
- Net sales- Fabric & Home Care: $7.71 billion versus the eight-analyst average estimate of $7.65 billion. The reported number represents a year-over-year change of +0.8%.
- Net sales- Baby, Feminine & Family Care: $5.10 billion compared to the $5.13 billion average estimate based on eight analysts. The reported number represents a change of -1.6% year over year.
- Net sales- Health Care: $3.15 billion compared to the $3.15 billion average estimate based on eight analysts. The reported number represents a change of +2.4% year over year.
- Earnings before income taxes- Beauty: $1.07 billion versus $1.31 billion estimated by four analysts on average.
View all Key Company Metrics for P&G here>>>Shares of P&G have returned +0.4% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.