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Procter & Gamble (PG) Outpaces Stock Market Gains: What You Should Know
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Procter & Gamble (PG - Free Report) closed the most recent trading day at $103.02, moving +1.04% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.72%. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, added 0.71%.
Coming into today, shares of the world's largest consumer products maker had gained 2.4% in the past month. In that same time, the Consumer Staples sector gained 3.08%, while the S&P 500 gained 0.28%.
Investors will be hoping for strength from PG as it approaches its next earnings release. On that day, PG is projected to report earnings of $1.05 per share, which would represent year-over-year growth of 5%. Our most recent consensus estimate is calling for quarterly revenue of $16.36 billion, up 0.48% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.46 per share and revenue of $67.24 billion. These totals would mark changes of +5.69% and +0.61%, respectively, from last year.
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. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. The Zacks Consensus EPS estimate has moved 0.12% lower within the past month. PG is currently a Zacks Rank #3 (Hold).
In terms of valuation, PG is currently trading at a Forward P/E ratio of 22.88. For comparison, its industry has an average Forward P/E of 21.53, which means PG is trading at a premium to the group.
It is also worth noting that PG currently has a PEG ratio of 3.32. 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 industry currently had an average PEG ratio of 3.68 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 43, putting it in the top 17% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Procter & Gamble (PG) Outpaces Stock Market Gains: What You Should Know
Procter & Gamble (PG - Free Report) closed the most recent trading day at $103.02, moving +1.04% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.72%. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, added 0.71%.
Coming into today, shares of the world's largest consumer products maker had gained 2.4% in the past month. In that same time, the Consumer Staples sector gained 3.08%, while the S&P 500 gained 0.28%.
Investors will be hoping for strength from PG as it approaches its next earnings release. On that day, PG is projected to report earnings of $1.05 per share, which would represent year-over-year growth of 5%. Our most recent consensus estimate is calling for quarterly revenue of $16.36 billion, up 0.48% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.46 per share and revenue of $67.24 billion. These totals would mark changes of +5.69% and +0.61%, respectively, from last year.
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. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. The Zacks Consensus EPS estimate has moved 0.12% lower within the past month. PG is currently a Zacks Rank #3 (Hold).
In terms of valuation, PG is currently trading at a Forward P/E ratio of 22.88. For comparison, its industry has an average Forward P/E of 21.53, which means PG is trading at a premium to the group.
It is also worth noting that PG currently has a PEG ratio of 3.32. 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 industry currently had an average PEG ratio of 3.68 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 43, putting it in the top 17% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.