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Procter & Gamble (PG) Stock Moves -0.77%: What You Should Know

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Procter & Gamble (PG - Free Report) closed the most recent trading day at $137.44, moving -0.77% from the previous trading session. This move was narrower than the S&P 500's daily loss of 1.13%. At the same time, the Dow lost 0.56%, and the tech-heavy Nasdaq gained 0.03%.

Coming into today, shares of the world's largest consumer products maker had lost 7.19% in the past month. In that same time, the Consumer Staples sector lost 5.19%, while the S&P 500 lost 7.59%.

Investors will be hoping for strength from Procter & Gamble as it approaches its next earnings release. The company is expected to report EPS of $1.57, down 2.48% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $20.56 billion, up 1.11% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $5.94 per share and revenue of $81.36 billion, which would represent changes of +2.24% and +1.46%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for Procter & Gamble. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, 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. The Zacks Consensus EPS estimate has moved 0.02% higher within the past month. Procter & Gamble currently has a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that Procter & Gamble has a Forward P/E ratio of 23.32 right now. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 23.32.

It is also worth noting that PG currently has a PEG ratio of 3.83. 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 was holding an average PEG ratio of 3.54 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 162, putting it in the bottom 36% 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.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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