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Procter & Gamble (PG) Gains As Market Dips: What You Should Know
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Procter & Gamble (PG - Free Report) closed the most recent trading day at $153.95, moving +0.87% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.41%. At the same time, the Dow added 0.11%, and the tech-heavy Nasdaq lost 6.67%.
Prior to today's trading, shares of the world's largest consumer products maker had gained 4.11% over the past month. This has outpaced the Consumer Staples sector's gain of 0.78% and the S&P 500's loss of 4.4% in that time.
Investors will be hoping for strength from Procter & Gamble as it approaches its next earnings release, which is expected to be January 19, 2023. The company is expected to report EPS of $1.57, down 5.42% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $20.54 billion, down 1.98% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.83 per share and revenue of $79.5 billion. These totals would mark changes of +0.34% and -0.86%, respectively, from last year.
Any recent changes to analyst estimates for Procter & Gamble 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.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.02% higher. Procter & Gamble is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Procter & Gamble is holding a Forward P/E ratio of 26.19. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 26.19.
Investors should also note that PG has a PEG ratio of 4.38 right now. 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 4.26 at yesterday's closing price.
The Soap and Cleaning Materials industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 36, which puts it in the top 15% 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) Gains As Market Dips: What You Should Know
Procter & Gamble (PG - Free Report) closed the most recent trading day at $153.95, moving +0.87% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.41%. At the same time, the Dow added 0.11%, and the tech-heavy Nasdaq lost 6.67%.
Prior to today's trading, shares of the world's largest consumer products maker had gained 4.11% over the past month. This has outpaced the Consumer Staples sector's gain of 0.78% and the S&P 500's loss of 4.4% in that time.
Investors will be hoping for strength from Procter & Gamble as it approaches its next earnings release, which is expected to be January 19, 2023. The company is expected to report EPS of $1.57, down 5.42% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $20.54 billion, down 1.98% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.83 per share and revenue of $79.5 billion. These totals would mark changes of +0.34% and -0.86%, respectively, from last year.
Any recent changes to analyst estimates for Procter & Gamble 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.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.02% higher. Procter & Gamble is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Procter & Gamble is holding a Forward P/E ratio of 26.19. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 26.19.
Investors should also note that PG has a PEG ratio of 4.38 right now. 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 4.26 at yesterday's closing price.
The Soap and Cleaning Materials industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 36, which puts it in the top 15% 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.