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Procter & Gamble (PG) Stock Moves -0.85%: What You Should Know
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Procter & Gamble (PG - Free Report) closed the most recent trading day at $90.98, moving -0.85% from the previous trading session. This move was narrower than the S&P 500's daily loss of 1.58%. Elsewhere, the Dow lost 1.99%, while the tech-heavy Nasdaq lost 1.63%.
Coming into today, shares of the world's largest consumer products maker had gained 0.38% in the past month. In that same time, the Consumer Staples sector lost 7.76%, while the S&P 500 lost 6.62%.
Investors will be hoping for strength from PG as it approaches 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, 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 $66.89 billion. These results would represent year-over-year changes of +4.5% and +0.09%, respectively.
Investors might also notice recent changes to analyst estimates for PG. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, 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. Within the past 30 days, our consensus EPS projection has moved 0.14% higher. PG currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that PG has a Forward P/E ratio of 20.79 right now. Its industry sports an average Forward P/E of 20.84, so we one might conclude that PG is trading at a discount comparatively.
It is also worth noting that PG currently has a PEG ratio of 2.98. 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. The Soap and Cleaning Materials was holding an average PEG ratio of 3.22 at yesterday's closing price.
The Soap and Cleaning Materials industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 197, putting it in the bottom 23% 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.
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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Procter & Gamble (PG) Stock Moves -0.85%: What You Should Know
Procter & Gamble (PG - Free Report) closed the most recent trading day at $90.98, moving -0.85% from the previous trading session. This move was narrower than the S&P 500's daily loss of 1.58%. Elsewhere, the Dow lost 1.99%, while the tech-heavy Nasdaq lost 1.63%.
Coming into today, shares of the world's largest consumer products maker had gained 0.38% in the past month. In that same time, the Consumer Staples sector lost 7.76%, while the S&P 500 lost 6.62%.
Investors will be hoping for strength from PG as it approaches 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, 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 $66.89 billion. These results would represent year-over-year changes of +4.5% and +0.09%, respectively.
Investors might also notice recent changes to analyst estimates for PG. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, 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. Within the past 30 days, our consensus EPS projection has moved 0.14% higher. PG currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that PG has a Forward P/E ratio of 20.79 right now. Its industry sports an average Forward P/E of 20.84, so we one might conclude that PG is trading at a discount comparatively.
It is also worth noting that PG currently has a PEG ratio of 2.98. 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. The Soap and Cleaning Materials was holding an average PEG ratio of 3.22 at yesterday's closing price.
The Soap and Cleaning Materials industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 197, putting it in the bottom 23% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.