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Procter & Gamble (PG) Stock Moves -0.56%: What You Should Know
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In the latest trading session, Procter & Gamble (PG - Free Report) closed at $93.29, marking a -0.56% move from the previous day. This change was narrower than the S&P 500's 1.66% loss on the day. At the same time, the Dow lost 1.56%, and the tech-heavy Nasdaq lost 3.03%.
Heading into today, shares of the world's largest consumer products maker had gained 16.92% over the past month, outpacing the Consumer Staples sector's gain of 2.09% and the S&P 500's loss of 2.43% in that time.
Wall Street will be looking for positivity from PG as it approaches its next earnings report date. This 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%. Our most recent consensus estimate is calling for quarterly revenue of $17.20 billion, down 1.11% from the year-ago period.
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. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about 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.
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 0.23% higher. PG is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note PG's current valuation metrics, including its Forward P/E ratio of 21.28. This valuation marks a discount compared to its industry's average Forward P/E of 21.31.
Investors should also note that PG has a PEG ratio of 3.08 right now. 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. The Soap and Cleaning Materials was holding an average PEG ratio of 3.33 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 241, putting it in the bottom 6% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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 Moves -0.56%: What You Should Know
In the latest trading session, Procter & Gamble (PG - Free Report) closed at $93.29, marking a -0.56% move from the previous day. This change was narrower than the S&P 500's 1.66% loss on the day. At the same time, the Dow lost 1.56%, and the tech-heavy Nasdaq lost 3.03%.
Heading into today, shares of the world's largest consumer products maker had gained 16.92% over the past month, outpacing the Consumer Staples sector's gain of 2.09% and the S&P 500's loss of 2.43% in that time.
Wall Street will be looking for positivity from PG as it approaches its next earnings report date. This 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%. Our most recent consensus estimate is calling for quarterly revenue of $17.20 billion, down 1.11% from the year-ago period.
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. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about 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.
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 0.23% higher. PG is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note PG's current valuation metrics, including its Forward P/E ratio of 21.28. This valuation marks a discount compared to its industry's average Forward P/E of 21.31.
Investors should also note that PG has a PEG ratio of 3.08 right now. 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. The Soap and Cleaning Materials was holding an average PEG ratio of 3.33 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 241, putting it in the bottom 6% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.