Procter & Gamble (PG - Free Report) closed at $93.31 in the latest trading session, marking a -0.01% move from the prior day. This change was narrower than the S&P 500's 3.24% loss on the day. At the same time, the Dow lost 3.1%, and the tech-heavy Nasdaq lost 3.8%.
Heading into today, shares of the world's largest consumer products maker had gained 3.91% over the past month, outpacing the Consumer Staples sector's gain of 1.01% and the S&P 500's gain of 2.73% in that time.
Wall Street will be looking for positivity from PG as it approaches its next earnings report date. This is expected to be January 22, 2019. On that day, PG is projected to report earnings of $1.21 per share, which would represent year-over-year growth of 1.68%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $17.20 billion, down 1.11% from the year-ago period.
PG's full-year Zacks Consensus Estimates are calling for earnings of $4.41 per share and revenue of $66.88 billion. These results would represent year-over-year changes of +4.5% and +0.08%, respectively.
Any recent changes to analyst estimates for PG should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. PG currently has a Zacks Rank of #3 (Hold).
In terms of valuation, PG is currently trading at a Forward P/E ratio of 21.17. This valuation marks a discount compared to its industry's average Forward P/E of 21.35.
We can also see that PG currently has a PEG ratio of 3.06. 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 Soap and Cleaning Materials was holding an average PEG ratio of 3.32 at yesterday's closing price.
The Soap and Cleaning Materials industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 234, which puts it in the bottom 9% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.