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Procter & Gamble (PG) Ascends While Market Falls: Some Facts to Note
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Procter & Gamble (PG - Free Report) ended the recent trading session at $144.72, demonstrating a +1.41% change from the preceding day's closing price. This change outpaced the S&P 500's 0.4% loss on the day. Elsewhere, the Dow saw an upswing of 0.11%, while the tech-heavy Nasdaq depreciated by 0.73%.
The world's largest consumer products maker's stock has dropped by 14.65% in the past month, falling short of the Consumer Staples sector's loss of 11.7% and the S&P 500's loss of 7.34%.
The investment community will be paying close attention to the earnings performance of Procter & Gamble in its upcoming release. The company's earnings per share (EPS) are projected to be $1.57, reflecting a 1.95% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $20.61 billion, indicating a 4.2% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.97 per share and revenue of $86.71 billion, indicating changes of +2.05% and +2.88%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Procter & Gamble should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.01% lower. As of now, Procter & Gamble holds a Zacks Rank of #3 (Hold).
Investors should also note Procter & Gamble's current valuation metrics, including its Forward P/E ratio of 20.47. This valuation marks a premium compared to its industry average Forward P/E of 18.59.
It's also important to note that PG currently trades at a PEG ratio of 4.77. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Consumer Products - Staples was holding an average PEG ratio of 2.85 at yesterday's closing price.
The Consumer Products - Staples industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 176, positioning it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Procter & Gamble (PG) Ascends While Market Falls: Some Facts to Note
Procter & Gamble (PG - Free Report) ended the recent trading session at $144.72, demonstrating a +1.41% change from the preceding day's closing price. This change outpaced the S&P 500's 0.4% loss on the day. Elsewhere, the Dow saw an upswing of 0.11%, while the tech-heavy Nasdaq depreciated by 0.73%.
The world's largest consumer products maker's stock has dropped by 14.65% in the past month, falling short of the Consumer Staples sector's loss of 11.7% and the S&P 500's loss of 7.34%.
The investment community will be paying close attention to the earnings performance of Procter & Gamble in its upcoming release. The company's earnings per share (EPS) are projected to be $1.57, reflecting a 1.95% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $20.61 billion, indicating a 4.2% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.97 per share and revenue of $86.71 billion, indicating changes of +2.05% and +2.88%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Procter & Gamble should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.01% lower. As of now, Procter & Gamble holds a Zacks Rank of #3 (Hold).
Investors should also note Procter & Gamble's current valuation metrics, including its Forward P/E ratio of 20.47. This valuation marks a premium compared to its industry average Forward P/E of 18.59.
It's also important to note that PG currently trades at a PEG ratio of 4.77. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Consumer Products - Staples was holding an average PEG ratio of 2.85 at yesterday's closing price.
The Consumer Products - Staples industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 176, positioning it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.