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Procter & Gamble (PG) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Procter & Gamble (PG - Free Report) closed at $145.82, marking a -0.43% move from the previous day. This move lagged the S&P 500's daily gain of 0.29%. Meanwhile, the Dow gained 0.18%, and the Nasdaq, a tech-heavy index, added 0.07%.
Heading into today, shares of the world's largest consumer products maker had gained 1.51% over the past month, lagging the Consumer Staples sector's gain of 3.6% and the S&P 500's gain of 4.36% in that time.
Wall Street will be looking for positivity from Procter & Gamble as it approaches its next earnings report date. On that day, Procter & Gamble is projected to report earnings of $1.57 per share, which would represent a year-over-year decline of 2.48%. Our most recent consensus estimate is calling for quarterly revenue of $20.56 billion, up 1.11% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.94 per share and revenue of $81.36 billion. These totals would mark changes of +2.24% and +1.46%, respectively, from last year.
Any recent changes to analyst estimates for Procter & Gamble should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 has moved 2.06% lower 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 24.66. For comparison, its industry has an average Forward P/E of 24.66, which means Procter & Gamble is trading at a no noticeable deviation to the group.
Meanwhile, PG's PEG ratio is currently 4.05. 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. Soap and Cleaning Materials stocks are, on average, holding a PEG ratio of 3.82 based on yesterday's closing prices.
The Soap and Cleaning Materials industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 229, which puts it in the bottom 10% 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.
To follow PG in the coming trading sessions, be sure to utilize Zacks.com.
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Procter & Gamble (PG) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Procter & Gamble (PG - Free Report) closed at $145.82, marking a -0.43% move from the previous day. This move lagged the S&P 500's daily gain of 0.29%. Meanwhile, the Dow gained 0.18%, and the Nasdaq, a tech-heavy index, added 0.07%.
Heading into today, shares of the world's largest consumer products maker had gained 1.51% over the past month, lagging the Consumer Staples sector's gain of 3.6% and the S&P 500's gain of 4.36% in that time.
Wall Street will be looking for positivity from Procter & Gamble as it approaches its next earnings report date. On that day, Procter & Gamble is projected to report earnings of $1.57 per share, which would represent a year-over-year decline of 2.48%. Our most recent consensus estimate is calling for quarterly revenue of $20.56 billion, up 1.11% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.94 per share and revenue of $81.36 billion. These totals would mark changes of +2.24% and +1.46%, respectively, from last year.
Any recent changes to analyst estimates for Procter & Gamble should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 has moved 2.06% lower 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 24.66. For comparison, its industry has an average Forward P/E of 24.66, which means Procter & Gamble is trading at a no noticeable deviation to the group.
Meanwhile, PG's PEG ratio is currently 4.05. 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. Soap and Cleaning Materials stocks are, on average, holding a PEG ratio of 3.82 based on yesterday's closing prices.
The Soap and Cleaning Materials industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 229, which puts it in the bottom 10% 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.
To follow PG in the coming trading sessions, be sure to utilize Zacks.com.