The Zacks Analyst Blog Highlights The Procter & Gamble, The Home Depot, Danaher, Zoetis and Itau Unibanco Holding
For Immediate Release
Chicago, IL – September 27, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: The Procter & Gamble Co. PG, The Home Depot, Inc. HD Danaher Corp. DHR, Zoetis Inc. ZTS and Itaú Unibanco Holding S.A. ITUB
Here are highlights from Tuesday’s Analyst Blog:
Top Research Reports for Procter & Gamble, Home Depot and Danaher
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including The Procter & Gamble Co., The Home Depot, Inc. and Danaher Corp. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today's research reports here >>>
Procter & Gamble shares have outperformed the Zacks Soap and Cleaning Materials industry over the past six months (+4.2% vs. +2.0%). The company continued its robust top and bottom-line surprise trend for the fourth consecutive quarter in the fourth quarter of fiscal 2023. Also, sales and earnings grew year over year.
Procter & Gamble's organic sales grew, driven by robust pricing and a favorable mix, along with strength across segments. It has been focused on productivity and cost-saving plans to boost margins. Consequently, management has provided an optimistic view for fiscal 2024.
However, the company has been witnessing supply-chain issues, higher SG&A costs, higher transportation costs, geopolitical challenges, currency headwinds and rising inflation. Procter & Gamble's significant international presence exposes it to foreign currency risks, which have been weighing on the company's performance.
(You can read the full research report on Procter & Gamble here >>>)
Shares of Home Depot have gained +16.7% over the past year against the Zacks Building Products - Retail industry's gain of +20%. The company has been witnessing significant benefits from the execution of the "One Home Depot" investment plan, which focuses on expanding supply chain facilities, technology investments and enhancement to the digital experience.
The interconnected retail strategy and underlying technology infrastructure have helped consistently boost web traffic for the past few quarters. The company remains on track with its strategic investments to build a Pro ecosystem.
However, Home Depot's top and bottom-lines declined year over year in second-quarter fiscal 2023. Results were impacted by a deflation in lumber prices and pressures in several big-ticket discretionary categories. HD retained its conservative view for fiscal 2023.
(You can read the full research report on Home Depot here >>>)
Shares of Danaher have gained +1.3% over the past six months against the Zacks Diversified Operations industry's gain of +4.2%. Improving supply chains and strong price realization augur well for Danaher. The company's Life Sciences segment is benefiting from healthy demand across the life science, research, academic and applied markets.
The Danaher Business System (DBS) initiatives are supporting the company's margins. DHR's commitment to return value to shareholders is encouraging. However, the company is plagued by weakness in the Biotechnology and Diagnostics segments due to a decrease in the sale of COVID-related products.
Given Danaher's significant international exposure, foreign currency headwinds are affecting its top line. The escalating cost of sales due to raw material cost inflation poses a threat to the company's bottom line.
(You can read the full research report on Danaher here >>>)
Other noteworthy reports we are featuring today include Zoetis Inc. and Itaú Unibanco Holding S.A.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Procter & Gamble Company (The) (PG) : Free Stock Analysis Report
Danaher Corporation (DHR) : Free Stock Analysis Report
The Home Depot, Inc. (HD) : Free Stock Analysis Report
Itau Unibanco Holding S.A. (ITUB) : Free Stock Analysis Report
Zoetis Inc. (ZTS) : Free Stock Analysis Report
