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Procter & Gamble (PG) Stock Moves -1.25%: What You Should Know
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In the latest trading session, Procter & Gamble (PG - Free Report) closed at $155.96, marking a -1.25% move from the previous day. This move was narrower than the S&P 500's daily loss of 1.84%. Meanwhile, the Dow lost 1.38%, and the Nasdaq, a tech-heavy index, lost 0.38%.
Heading into today, shares of the world's largest consumer products maker had lost 1.01% over the past month, lagging the Consumer Staples sector's loss of 0.26% and outpacing the S&P 500's loss of 1.96% in that time.
Wall Street will be looking for positivity from Procter & Gamble as it approaches its next earnings report date. The company is expected to report EPS of $1.30, up 3.17% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $18.69 billion, up 3.22% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.91 per share and revenue of $79.53 billion. These totals would mark changes of +4.42% and +4.48%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Procter & Gamble. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 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. Within the past 30 days, our consensus EPS projection remained stagnant. Procter & Gamble is currently a Zacks Rank #3 (Hold).
Investors should also note Procter & Gamble's current valuation metrics, including its Forward P/E ratio of 26.72. Its industry sports an average Forward P/E of 23.67, so we one might conclude that Procter & Gamble is trading at a premium comparatively.
Investors should also note that PG has a PEG ratio of 3.94 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Soap and Cleaning Materials industry currently had an average PEG ratio of 3.78 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 237, which puts it in the bottom 7% 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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Procter & Gamble (PG) Stock Moves -1.25%: What You Should Know
In the latest trading session, Procter & Gamble (PG - Free Report) closed at $155.96, marking a -1.25% move from the previous day. This move was narrower than the S&P 500's daily loss of 1.84%. Meanwhile, the Dow lost 1.38%, and the Nasdaq, a tech-heavy index, lost 0.38%.
Heading into today, shares of the world's largest consumer products maker had lost 1.01% over the past month, lagging the Consumer Staples sector's loss of 0.26% and outpacing the S&P 500's loss of 1.96% in that time.
Wall Street will be looking for positivity from Procter & Gamble as it approaches its next earnings report date. The company is expected to report EPS of $1.30, up 3.17% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $18.69 billion, up 3.22% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.91 per share and revenue of $79.53 billion. These totals would mark changes of +4.42% and +4.48%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Procter & Gamble. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 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. Within the past 30 days, our consensus EPS projection remained stagnant. Procter & Gamble is currently a Zacks Rank #3 (Hold).
Investors should also note Procter & Gamble's current valuation metrics, including its Forward P/E ratio of 26.72. Its industry sports an average Forward P/E of 23.67, so we one might conclude that Procter & Gamble is trading at a premium comparatively.
Investors should also note that PG has a PEG ratio of 3.94 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Soap and Cleaning Materials industry currently had an average PEG ratio of 3.78 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 237, which puts it in the bottom 7% 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.