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Procter & Gamble (PG) Registers a Bigger Fall Than the Market: Important Facts to Note
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Procter & Gamble (PG - Free Report) closed at $146.71 in the latest trading session, marking a -3.15% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 1.36%. Elsewhere, the Dow saw a downswing of 1.64%, while the tech-heavy Nasdaq depreciated by 1.46%.
Shares of the world's largest consumer products maker witnessed a loss of 5.06% over the previous month, beating the performance of the Consumer Staples sector with its loss of 5.57%, and underperforming the S&P 500's loss of 1.76%.
The upcoming earnings release of Procter & Gamble will be of great interest to investors. The company is predicted to post an EPS of $1.57, indicating a 1.95% growth compared to the equivalent quarter last 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.
PG's full-year Zacks Consensus Estimates are calling for earnings of $6.97 per share and revenue of $86.71 billion. These results would represent year-over-year changes of +2.05% and +2.88%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Procter & Gamble. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.02% lower. Currently, Procter & Gamble is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Procter & Gamble is currently trading at a Forward P/E ratio of 21.72. Its industry sports an average Forward P/E of 19.15, so one might conclude that Procter & Gamble is trading at a premium comparatively.
Investors should also note that PG has a PEG ratio of 5.06 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Consumer Products - Staples industry stood at 3.01 at the close of the market yesterday.
The Consumer Products - Staples industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 155, this industry ranks in the bottom 37% of all industries, numbering over 250.
The Zacks Industry Rank is ordered 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.
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) Registers a Bigger Fall Than the Market: Important Facts to Note
Procter & Gamble (PG - Free Report) closed at $146.71 in the latest trading session, marking a -3.15% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 1.36%. Elsewhere, the Dow saw a downswing of 1.64%, while the tech-heavy Nasdaq depreciated by 1.46%.
Shares of the world's largest consumer products maker witnessed a loss of 5.06% over the previous month, beating the performance of the Consumer Staples sector with its loss of 5.57%, and underperforming the S&P 500's loss of 1.76%.
The upcoming earnings release of Procter & Gamble will be of great interest to investors. The company is predicted to post an EPS of $1.57, indicating a 1.95% growth compared to the equivalent quarter last 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.
PG's full-year Zacks Consensus Estimates are calling for earnings of $6.97 per share and revenue of $86.71 billion. These results would represent year-over-year changes of +2.05% and +2.88%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Procter & Gamble. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.02% lower. Currently, Procter & Gamble is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Procter & Gamble is currently trading at a Forward P/E ratio of 21.72. Its industry sports an average Forward P/E of 19.15, so one might conclude that Procter & Gamble is trading at a premium comparatively.
Investors should also note that PG has a PEG ratio of 5.06 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Consumer Products - Staples industry stood at 3.01 at the close of the market yesterday.
The Consumer Products - Staples industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 155, this industry ranks in the bottom 37% of all industries, numbering over 250.
The Zacks Industry Rank is ordered 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.