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P&G (PG) Stock Dips 1.3% as Q4 Sales Miss, Earnings Top
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The Procter & Gamble Company (PG - Free Report) , popularly known as P&G, reported fourth-quarter fiscal 2018 results, wherein core earnings of 94 cents per share rose 11% year over year and also beat the Zacks Consensus Estimate of 90 cents.
The company anticipates core EPS growth of 3-8% in fiscal 2019, compared with fiscal 2018 core earnings of $4.22 per share. This implies core EPS of $4.45 at the midpoint of the growth range.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has been stable in the last 30 days. If we look at P&G’s performance in the trailing four quarters (excluding the quarter under review), the company has underperformed the Zacks Consensus Estimate by an average of 4.1%.
Procter & Gamble Company (The) Price and EPS Surprise
Revenues: P&G generated net sales of $16,503 million that improved 2.6% year over year but slightly lagged the Zacks Consensus Estimate of $16,552 million. The year over year increase was backed by strong sales from its Beauty, Health Care, and Fabric & Home Care businesses.
The company anticipates organic sales growth of 2-3% for fiscal 2019. However, P&G expects all-in sales growth to be nearly flat to up 1% in fiscal 2019.
Zacks Rank: Currently, P&G carries a Zacks Rank #4 (Sell) which is subject to change following the earnings announcement.
Stock Movement: P&G’s shares declined nearly 1.3% during pre-market trading hours following the earnings release. The decline is mainly attributed to the lower-than-expected sales performance and a soft first half fiscal 2019 view.
Check back later for our full write up on P&G’s earnings report!
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P&G (PG) Stock Dips 1.3% as Q4 Sales Miss, Earnings Top
The Procter & Gamble Company (PG - Free Report) , popularly known as P&G, reported fourth-quarter fiscal 2018 results, wherein core earnings of 94 cents per share rose 11% year over year and also beat the Zacks Consensus Estimate of 90 cents.
The company anticipates core EPS growth of 3-8% in fiscal 2019, compared with fiscal 2018 core earnings of $4.22 per share. This implies core EPS of $4.45 at the midpoint of the growth range.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has been stable in the last 30 days. If we look at P&G’s performance in the trailing four quarters (excluding the quarter under review), the company has underperformed the Zacks Consensus Estimate by an average of 4.1%.
Procter & Gamble Company (The) Price and EPS Surprise
Procter & Gamble Company (The) Price and EPS Surprise | Procter & Gamble Company (The) Quote
Revenues: P&G generated net sales of $16,503 million that improved 2.6% year over year but slightly lagged the Zacks Consensus Estimate of $16,552 million. The year over year increase was backed by strong sales from its Beauty, Health Care, and Fabric & Home Care businesses.
The company anticipates organic sales growth of 2-3% for fiscal 2019. However, P&G expects all-in sales growth to be nearly flat to up 1% in fiscal 2019.
Zacks Rank: Currently, P&G carries a Zacks Rank #4 (Sell) which is subject to change following the earnings announcement.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stock Movement: P&G’s shares declined nearly 1.3% during pre-market trading hours following the earnings release. The decline is mainly attributed to the lower-than-expected sales performance and a soft first half fiscal 2019 view.
Check back later for our full write up on P&G’s earnings report!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>