- Oops!Something went wrong.Please try again later.
In the latest trading session, Procter & Gamble (PG) closed at $142.89, marking a -1% move from the previous day. This change was narrower than the S&P 500's 1.7% loss on the day.
Prior to today's trading, shares of the world's largest consumer products maker had lost 0.52% over the past month. This has was narrower than the Consumer Staples sector's loss of 2.69% and lagged the S&P 500's loss of 0.27% in that time.
PG will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.58, down 3.07% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $19.79 billion, up 2.47% from the year-ago period.
PG's full-year Zacks Consensus Estimates are calling for earnings of $5.94 per share and revenue of $78.97 billion. These results would represent year-over-year changes of +4.95% and +3.74%, respectively.
Investors should also note any recent changes to analyst estimates for PG. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. The Zacks Consensus EPS estimate has moved 0.07% higher within the past month. PG is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, PG is currently trading at a Forward P/E ratio of 24.32. For comparison, its industry has an average Forward P/E of 23.63, which means PG is trading at a premium to the group.
It is also worth noting that PG currently has a PEG ratio of 3.47. 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 was holding an average PEG ratio of 3.94 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 251, which puts it in the bottom 2% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Procter & Gamble Company The (PG) : Free Stock Analysis Report
To read this article on Zacks.com click here.