Procter & Gamble (PG - Free Report) closed at $90.63 in the latest trading session, marking a -0.71% move from the prior day. This change was narrower than the S&P 500's 2.48% loss on the day. Meanwhile, the Dow lost 2.83%, and the Nasdaq, a tech-heavy index, lost 3.04%.
Coming into today, shares of the world's largest consumer products maker had lost 2.18% in the past month. In that same time, the Consumer Staples sector lost 8.72%, while the S&P 500 lost 8.82%.
PG will be looking to display strength as it nears its next earnings release, which is expected to be January 22, 2019. In that report, analysts expect PG to post earnings of $1.21 per share. This would mark 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 $66.89 billion. These results would represent year-over-year changes of +4.5% and +0.09%, respectively.
Any recent changes to analyst estimates for PG should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 0.14% higher. PG is currently a Zacks Rank #2 (Buy).
Valuation is also important, so investors should note that PG has a Forward P/E ratio of 20.68 right now. For comparison, its industry has an average Forward P/E of 19.97, which means PG is trading at a premium to the group.
We can also see that PG currently has a PEG ratio of 2.97. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. PG's industry had an average PEG ratio of 3.13 as of yesterday's close.
The Soap and Cleaning Materials industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 171, putting it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PG in the coming trading sessions, be sure to utilize Zacks.com.