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Procter & Gamble (PG) Advances While Market Declines: Some Information for Investors
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Procter & Gamble (PG - Free Report) closed the most recent trading day at $167.20, moving +2.11% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.43%. Meanwhile, the Dow lost 1.05%, and the Nasdaq, a tech-heavy index, lost 0.92%.
Heading into today, shares of the world's largest consumer products maker had gained 9.24% over the past month, outpacing the Consumer Staples sector's gain of 8.64% and the S&P 500's loss of 0.5%.
The upcoming earnings release of Procter & Gamble will be of great interest to investors. The company's upcoming EPS is projected at $1.57, signifying a 1.95% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $20.61 billion, reflecting a 4.2% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.97 per share and revenue of $86.71 billion. These totals would mark changes of +2.05% and +2.88%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Procter & Gamble. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.02% lower. Right now, Procter & Gamble possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Procter & Gamble currently has a Forward P/E ratio of 23.48. This expresses a premium compared to the average Forward P/E of 20.35 of its industry.
Investors should also note that PG has a PEG ratio of 5.47 right now. 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 Consumer Products - Staples industry currently had an average PEG ratio of 3 as of yesterday's close.
The Consumer Products - Staples industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 81, finds itself in the top 34% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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) Advances While Market Declines: Some Information for Investors
Procter & Gamble (PG - Free Report) closed the most recent trading day at $167.20, moving +2.11% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.43%. Meanwhile, the Dow lost 1.05%, and the Nasdaq, a tech-heavy index, lost 0.92%.
Heading into today, shares of the world's largest consumer products maker had gained 9.24% over the past month, outpacing the Consumer Staples sector's gain of 8.64% and the S&P 500's loss of 0.5%.
The upcoming earnings release of Procter & Gamble will be of great interest to investors. The company's upcoming EPS is projected at $1.57, signifying a 1.95% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $20.61 billion, reflecting a 4.2% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.97 per share and revenue of $86.71 billion. These totals would mark changes of +2.05% and +2.88%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Procter & Gamble. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.02% lower. Right now, Procter & Gamble possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Procter & Gamble currently has a Forward P/E ratio of 23.48. This expresses a premium compared to the average Forward P/E of 20.35 of its industry.
Investors should also note that PG has a PEG ratio of 5.47 right now. 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 Consumer Products - Staples industry currently had an average PEG ratio of 3 as of yesterday's close.
The Consumer Products - Staples industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 81, finds itself in the top 34% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.