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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 20 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 for the current year 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 6.04% 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 $1.08 per share, beating our consensus estimate of $1.06/share.
Revenues: PG reported revenues of $16.9 billion, beating our consensus estimate of $16.8 billion.
Key Stats to Note: Organically, excluding the impact of acquisitions, divestitures and foreign exchange, revenues grew 2% on higher volumes. Organic volume gained 2%. Currency impact hurt sales by 2%.
Stock Price: PG stock was up 2.17% 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) Q2 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 20 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 for the current year 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 6.04% 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.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: PG reported core earnings of $1.08 per share, beating our consensus estimate of $1.06/share.
Revenues: PG reported revenues of $16.9 billion, beating our consensus estimate of $16.8 billion.
Key Stats to Note: Organically, excluding the impact of acquisitions, divestitures and foreign exchange, revenues grew 2% on higher volumes. Organic volume gained 2%. Currency impact hurt sales by 2%.
Stock Price: PG stock was up 2.17% in the pre-market trading at the time of writing.
Check back later for our full write up on this PG earnings report later!
Procter & Gamble Co. Price and EPS Surprise
Procter & Gamble Co. Price and EPS Surprise | Procter & Gamble Co. Quote
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