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Here's Why Procter & Gamble (PG) Fell More Than Broader Market
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Procter & Gamble (PG - Free Report) closed at $148.50 in the latest trading session, marking a -2.33% move from the prior day. This move lagged the S&P 500's daily loss of 0.01%. Elsewhere, the Dow gained 0.14%, while the tech-heavy Nasdaq lost 0.46%.
Heading into today, shares of the world's largest consumer products maker had gained 3.08% over the past month, outpacing the Consumer Staples sector's loss of 0.12% and the S&P 500's loss of 1.4%.
Investors will be eagerly watching for the performance of Procter & Gamble in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.44, signifying a 2.70% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $21.46 billion, up 2.74% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.91 per share and a revenue of $87.15 billion, indicating changes of +1.17% and +3.4%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Procter & Gamble. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 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. Within the past 30 days, our consensus EPS projection has moved 0.07% lower. Procter & Gamble currently has a Zacks Rank of #4 (Sell).
Looking at valuation, Procter & Gamble is presently trading at a Forward P/E ratio of 22.01. This expresses a premium compared to the average Forward P/E of 18.86 of its industry.
One should further note that PG currently holds a PEG ratio of 6.61. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Consumer Products - Staples industry currently had an average PEG ratio of 3.18 as of yesterday's close.
The Consumer Products - Staples industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 167, positioning it in the bottom 32% of all 250+ industries.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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Here's Why Procter & Gamble (PG) Fell More Than Broader Market
Procter & Gamble (PG - Free Report) closed at $148.50 in the latest trading session, marking a -2.33% move from the prior day. This move lagged the S&P 500's daily loss of 0.01%. Elsewhere, the Dow gained 0.14%, while the tech-heavy Nasdaq lost 0.46%.
Heading into today, shares of the world's largest consumer products maker had gained 3.08% over the past month, outpacing the Consumer Staples sector's loss of 0.12% and the S&P 500's loss of 1.4%.
Investors will be eagerly watching for the performance of Procter & Gamble in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.44, signifying a 2.70% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $21.46 billion, up 2.74% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.91 per share and a revenue of $87.15 billion, indicating changes of +1.17% and +3.4%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Procter & Gamble. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 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. Within the past 30 days, our consensus EPS projection has moved 0.07% lower. Procter & Gamble currently has a Zacks Rank of #4 (Sell).
Looking at valuation, Procter & Gamble is presently trading at a Forward P/E ratio of 22.01. This expresses a premium compared to the average Forward P/E of 18.86 of its industry.
One should further note that PG currently holds a PEG ratio of 6.61. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Consumer Products - Staples industry currently had an average PEG ratio of 3.18 as of yesterday's close.
The Consumer Products - Staples industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 167, positioning it in the bottom 32% of all 250+ industries.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.