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Procter & Gamble (PG) Stock Moves -0.09%: What You Should Know
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Procter & Gamble (PG - Free Report) closed the most recent trading day at $93.52, moving -0.09% from the previous trading session. This change was narrower than the S&P 500's 0.79% loss on the day. Meanwhile, the Dow lost 0.85%, and the Nasdaq, a tech-heavy index, lost 1.11%.
Prior to today's trading, shares of the world's largest consumer products maker had gained 1.72% over the past month. This has lagged the Consumer Staples sector's gain of 4.96% and the S&P 500's gain of 13.44% 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 April 18, 2019. In that report, analysts expect PG to post earnings of $1.07 per share. This would mark year-over-year growth of 7%. Meanwhile, our latest consensus estimate is calling for revenue of $16.36 billion, up 0.48% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.46 per share and revenue of $67.20 billion, which would represent changes of +5.69% and +0.56%, respectively, from the prior 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.
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.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.6% higher. PG currently has a Zacks Rank of #2 (Buy).
Looking at its valuation, PG is holding a Forward P/E ratio of 21. For comparison, its industry has an average Forward P/E of 20.34, which means PG is trading at a premium to the group.
Meanwhile, PG's PEG ratio is currently 3.01. 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. The Soap and Cleaning Materials industry currently had an average PEG ratio of 3.17 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 87, putting it in the top 34% 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 Moves -0.09%: What You Should Know
Procter & Gamble (PG - Free Report) closed the most recent trading day at $93.52, moving -0.09% from the previous trading session. This change was narrower than the S&P 500's 0.79% loss on the day. Meanwhile, the Dow lost 0.85%, and the Nasdaq, a tech-heavy index, lost 1.11%.
Prior to today's trading, shares of the world's largest consumer products maker had gained 1.72% over the past month. This has lagged the Consumer Staples sector's gain of 4.96% and the S&P 500's gain of 13.44% 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 April 18, 2019. In that report, analysts expect PG to post earnings of $1.07 per share. This would mark year-over-year growth of 7%. Meanwhile, our latest consensus estimate is calling for revenue of $16.36 billion, up 0.48% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.46 per share and revenue of $67.20 billion, which would represent changes of +5.69% and +0.56%, respectively, from the prior 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.
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.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.6% higher. PG currently has a Zacks Rank of #2 (Buy).
Looking at its valuation, PG is holding a Forward P/E ratio of 21. For comparison, its industry has an average Forward P/E of 20.34, which means PG is trading at a premium to the group.
Meanwhile, PG's PEG ratio is currently 3.01. 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. The Soap and Cleaning Materials industry currently had an average PEG ratio of 3.17 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 87, putting it in the top 34% 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.