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Procter & Gamble (PG) Dips More Than Broader Markets: What You Should Know
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Procter & Gamble (PG - Free Report) closed at $153.22 in the latest trading session, marking a -1.71% move from the prior day. This change lagged the S&P 500's daily loss of 1.55%. Meanwhile, the Dow lost 1.76%, and the Nasdaq, a tech-heavy index, lost 0.21%.
Prior to today's trading, shares of the world's largest consumer products maker had lost 2.84% over the past month. This has lagged the Consumer Staples sector's loss of 1.16% and was narrower than the S&P 500's loss of 2.89% in that time.
Procter & Gamble will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.30, up 3.17% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $18.69 billion, up 3.22% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.91 per share and revenue of $79.53 billion, which would represent changes of +4.42% and +4.48%, respectively, from the prior year.
Any recent changes to analyst estimates for Procter & Gamble should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Procter & Gamble is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Procter & Gamble is holding a Forward P/E ratio of 26.37. For comparison, its industry has an average Forward P/E of 23.1, which means Procter & Gamble is trading at a premium to the group.
Meanwhile, PG's PEG ratio is currently 3.89. 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. The Soap and Cleaning Materials industry currently had an average PEG ratio of 3.82 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 239, which puts it in the bottom 6% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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) Dips More Than Broader Markets: What You Should Know
Procter & Gamble (PG - Free Report) closed at $153.22 in the latest trading session, marking a -1.71% move from the prior day. This change lagged the S&P 500's daily loss of 1.55%. Meanwhile, the Dow lost 1.76%, and the Nasdaq, a tech-heavy index, lost 0.21%.
Prior to today's trading, shares of the world's largest consumer products maker had lost 2.84% over the past month. This has lagged the Consumer Staples sector's loss of 1.16% and was narrower than the S&P 500's loss of 2.89% in that time.
Procter & Gamble will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.30, up 3.17% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $18.69 billion, up 3.22% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.91 per share and revenue of $79.53 billion, which would represent changes of +4.42% and +4.48%, respectively, from the prior year.
Any recent changes to analyst estimates for Procter & Gamble should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Procter & Gamble is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Procter & Gamble is holding a Forward P/E ratio of 26.37. For comparison, its industry has an average Forward P/E of 23.1, which means Procter & Gamble is trading at a premium to the group.
Meanwhile, PG's PEG ratio is currently 3.89. 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. The Soap and Cleaning Materials industry currently had an average PEG ratio of 3.82 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 239, which puts it in the bottom 6% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.