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Procter & Gamble (PG) Stock Sinks As Market Gains: What You Should Know
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Procter & Gamble (PG - Free Report) closed the most recent trading day at $89, moving -0.51% from the previous trading session. This move lagged the S&P 500's daily gain of 1.86%. Elsewhere, the Dow gained 1.63%, while the tech-heavy Nasdaq added 2.95%.
Heading into today, shares of the world's largest consumer products maker had gained 7.45% over the past month, outpacing the Consumer Staples sector's loss of 2.11% and the S&P 500's loss of 8.85% in that time.
Investors will be hoping for strength from PG as it approaches its next earnings release, which is expected to be January 22, 2019. In that report, analysts expect PG to post earnings of $1.21 per share. This would mark year-over-year growth of 1.68%. Meanwhile, our latest consensus estimate is calling for revenue of $17.19 billion, down 1.21% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.41 per share and revenue of $66.88 billion. These totals would mark changes of +4.5% and +0.08%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for PG. Recent revisions tend to reflect the latest near-term business trends. 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. 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. The Zacks Consensus EPS estimate has moved 0.33% lower within the past month. PG is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that PG has a Forward P/E ratio of 20.29 right now. For comparison, its industry has an average Forward P/E of 21.06, which means PG is trading at a discount to the group.
Meanwhile, PG's PEG ratio is currently 2.93. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. PG's industry had an average PEG ratio of 3.22 as of yesterday's close.
The Soap and Cleaning Materials industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 238, putting it in the bottom 7% 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) Stock Sinks As Market Gains: What You Should Know
Procter & Gamble (PG - Free Report) closed the most recent trading day at $89, moving -0.51% from the previous trading session. This move lagged the S&P 500's daily gain of 1.86%. Elsewhere, the Dow gained 1.63%, while the tech-heavy Nasdaq added 2.95%.
Heading into today, shares of the world's largest consumer products maker had gained 7.45% over the past month, outpacing the Consumer Staples sector's loss of 2.11% and the S&P 500's loss of 8.85% in that time.
Investors will be hoping for strength from PG as it approaches its next earnings release, which is expected to be January 22, 2019. In that report, analysts expect PG to post earnings of $1.21 per share. This would mark year-over-year growth of 1.68%. Meanwhile, our latest consensus estimate is calling for revenue of $17.19 billion, down 1.21% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.41 per share and revenue of $66.88 billion. These totals would mark changes of +4.5% and +0.08%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for PG. Recent revisions tend to reflect the latest near-term business trends. 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. 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. The Zacks Consensus EPS estimate has moved 0.33% lower within the past month. PG is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that PG has a Forward P/E ratio of 20.29 right now. For comparison, its industry has an average Forward P/E of 21.06, which means PG is trading at a discount to the group.
Meanwhile, PG's PEG ratio is currently 2.93. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. PG's industry had an average PEG ratio of 3.22 as of yesterday's close.
The Soap and Cleaning Materials industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 238, putting it in the bottom 7% 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.