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In the latest trading session, Procter & Gamble (PG) closed at $157.86, marking a +0.25% move from the previous day. This change outpaced the S&P 500's 1.14% loss on the day. Meanwhile, the Dow lost 1.23%, and the Nasdaq, a tech-heavy index, lost 0.36%.
Heading into today, shares of the world's largest consumer products maker had gained 7.25% over the past month, outpacing the Consumer Staples sector's gain of 1.61% and the S&P 500's loss of 1.37% in that time.
Wall Street will be looking for positivity from Procter & Gamble as it approaches its next earnings report date. On that day, Procter & Gamble is projected to report earnings of $1.66 per share, which would represent year-over-year growth of 1.22%. Our most recent consensus estimate is calling for quarterly revenue of $20.38 billion, up 3.23% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.93 per share and revenue of $79.41 billion. These totals would mark changes of +4.77% and +4.33%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Procter & Gamble. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Procter & Gamble is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Procter & Gamble's current valuation metrics, including its Forward P/E ratio of 26.58. This represents a premium compared to its industry's average Forward P/E of 25.66.
Also, we should mention that PG has a PEG ratio of 3.98. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Soap and Cleaning Materials industry currently had an average PEG ratio of 4.56 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 175, putting it in the bottom 32% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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