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Procter & Gamble (PG) Gains As Market Dips: What You Should Know
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In the latest trading session, Procter & Gamble (PG - Free Report) closed at $151.57, marking a +0.01% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.4%. At the same time, the Dow lost 0.03%, and the tech-heavy Nasdaq lost 4.72%.
Prior to today's trading, shares of the world's largest consumer products maker had gained 1.66% over the past month. This has outpaced the Consumer Staples sector's loss of 2.84% and the S&P 500's loss of 5.57% in that time.
Procter & Gamble will be looking to display strength as it nears its next earnings release, which is expected to be January 19, 2023. On that day, Procter & Gamble is projected to report earnings of $1.57 per share, which would represent a year-over-year decline of 5.42%. 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. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 has moved 0.02% higher. Procter & Gamble is currently sporting a Zacks Rank of #2 (Buy).
Digging into valuation, Procter & Gamble currently has a Forward P/E ratio of 26.01. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 26.01.
We can also see that PG currently has a PEG ratio of 4.35. 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 4.2 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 43, which puts it in the top 18% 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
In the latest trading session, Procter & Gamble (PG - Free Report) closed at $151.57, marking a +0.01% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.4%. At the same time, the Dow lost 0.03%, and the tech-heavy Nasdaq lost 4.72%.
Prior to today's trading, shares of the world's largest consumer products maker had gained 1.66% over the past month. This has outpaced the Consumer Staples sector's loss of 2.84% and the S&P 500's loss of 5.57% in that time.
Procter & Gamble will be looking to display strength as it nears its next earnings release, which is expected to be January 19, 2023. On that day, Procter & Gamble is projected to report earnings of $1.57 per share, which would represent a year-over-year decline of 5.42%. 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. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 has moved 0.02% higher. Procter & Gamble is currently sporting a Zacks Rank of #2 (Buy).
Digging into valuation, Procter & Gamble currently has a Forward P/E ratio of 26.01. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 26.01.
We can also see that PG currently has a PEG ratio of 4.35. 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 4.2 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 43, which puts it in the top 18% 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.