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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 $137.27, moving +0.45% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.18%. Elsewhere, the Dow lost 0.15%, while the tech-heavy Nasdaq added 0.5%.
Coming into today, shares of the world's largest consumer products maker had lost 3.69% in the past month. In that same time, the Consumer Staples sector gained 2.22%, while the S&P 500 gained 3.22%.
Investors will be hoping for strength from PG as it approaches its next earnings release. In that report, analysts expect PG to post earnings of $1.50 per share. This would mark year-over-year growth of 5.63%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $18.99 billion, up 4.1% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.55 per share and revenue of $73.94 billion. These totals would mark changes of +8.4% and +4.21%, respectively, from last year.
Any recent changes to analyst estimates for PG should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. 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. 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 remained stagnant within the past month. PG is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that PG has a Forward P/E ratio of 24.64 right now. For comparison, its industry has an average Forward P/E of 24.64, which means PG is trading at a no noticeable deviation to the group.
Meanwhile, PG's PEG ratio is currently 3.26. 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 4.3 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 98, putting it in the top 39% 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) Outpaces Stock Market Gains: What You Should Know
Procter & Gamble (PG - Free Report) closed the most recent trading day at $137.27, moving +0.45% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.18%. Elsewhere, the Dow lost 0.15%, while the tech-heavy Nasdaq added 0.5%.
Coming into today, shares of the world's largest consumer products maker had lost 3.69% in the past month. In that same time, the Consumer Staples sector gained 2.22%, while the S&P 500 gained 3.22%.
Investors will be hoping for strength from PG as it approaches its next earnings release. In that report, analysts expect PG to post earnings of $1.50 per share. This would mark year-over-year growth of 5.63%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $18.99 billion, up 4.1% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.55 per share and revenue of $73.94 billion. These totals would mark changes of +8.4% and +4.21%, respectively, from last year.
Any recent changes to analyst estimates for PG should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. 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. 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 remained stagnant within the past month. PG is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that PG has a Forward P/E ratio of 24.64 right now. For comparison, its industry has an average Forward P/E of 24.64, which means PG is trading at a no noticeable deviation to the group.
Meanwhile, PG's PEG ratio is currently 3.26. 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 4.3 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 98, putting it in the top 39% 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.