Procter & Gamble (PG) Stock Sinks As Market Gains: What You Should Know

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Procter & Gamble (PG) closed at $88.75 in the latest trading session, marking a -0.49% move from the prior day. This change lagged the S&P 500's daily gain of 1.09%. Elsewhere, the Dow gained 0.97%, while the tech-heavy Nasdaq added 2.01%.

Heading into today, shares of the world's largest consumer products maker had gained 5.73% over the past month, outpacing the Consumer Staples sector's loss of 1.92% and the S&P 500's loss of 7.81% in that time.

Investors will be hoping for strength from PG as it approaches its next earnings release, which 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, our latest consensus estimate is calling for revenue of $17.20 billion, down 1.11% from the prior-year quarter.

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.

Investors might also notice recent changes to analyst estimates for PG. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, 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 has moved 0.33% lower. PG is holding a Zacks Rank of #3 (Hold) right now.

In terms of valuation, PG is currently trading at a Forward P/E ratio of 20.23. This valuation marks a discount compared to its industry's average Forward P/E of 20.28.

It is also worth noting that PG currently has a PEG ratio of 2.92. 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. PG's industry had an average PEG ratio of 3.21 as of yesterday's close.

The Soap and Cleaning Materials industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 241, which puts it in the bottom 5% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual 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.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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