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Why Procter & Gamble (PG) Dipped More Than Broader Market Today
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Procter & Gamble (PG - Free Report) ended the recent trading session at $147.68, demonstrating a -1.8% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.37%. At the same time, the Dow added 0.29%, and the tech-heavy Nasdaq lost 1.33%.
The world's largest consumer products maker's stock has climbed by 4.11% in the past month, exceeding the Consumer Staples sector's loss of 1.01% and the S&P 500's gain of 2.02%.
Analysts and investors alike will be keeping a close eye on the performance of Procter & Gamble in its upcoming earnings disclosure. In that report, analysts expect Procter & Gamble to post earnings of $1.44 per share. This would mark a year-over-year decline of 2.7%. In the meantime, our current consensus estimate forecasts the revenue to be $21.46 billion, indicating a 2.74% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.91 per share and a revenue of $87.15 billion, representing changes of +1.17% and +3.4%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Procter & Gamble. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.07% lower. At present, Procter & Gamble boasts a Zacks Rank of #4 (Sell).
In terms of valuation, Procter & Gamble is currently trading at a Forward P/E ratio of 21.77. This represents a premium compared to its industry average Forward P/E of 18.47.
Also, we should mention that PG has a PEG ratio of 6.54. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Consumer Products - Staples industry currently had an average PEG ratio of 3.13 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 169, finds itself in the bottom 31% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.
View the Zacks #1 Rank List
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Why Procter & Gamble (PG) Dipped More Than Broader Market Today
Procter & Gamble (PG - Free Report) ended the recent trading session at $147.68, demonstrating a -1.8% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.37%. At the same time, the Dow added 0.29%, and the tech-heavy Nasdaq lost 1.33%.
The world's largest consumer products maker's stock has climbed by 4.11% in the past month, exceeding the Consumer Staples sector's loss of 1.01% and the S&P 500's gain of 2.02%.
Analysts and investors alike will be keeping a close eye on the performance of Procter & Gamble in its upcoming earnings disclosure. In that report, analysts expect Procter & Gamble to post earnings of $1.44 per share. This would mark a year-over-year decline of 2.7%. In the meantime, our current consensus estimate forecasts the revenue to be $21.46 billion, indicating a 2.74% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.91 per share and a revenue of $87.15 billion, representing changes of +1.17% and +3.4%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Procter & Gamble. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.07% lower. At present, Procter & Gamble boasts a Zacks Rank of #4 (Sell).
In terms of valuation, Procter & Gamble is currently trading at a Forward P/E ratio of 21.77. This represents a premium compared to its industry average Forward P/E of 18.47.
Also, we should mention that PG has a PEG ratio of 6.54. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Consumer Products - Staples industry currently had an average PEG ratio of 3.13 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 169, finds itself in the bottom 31% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.