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In the latest trading session, Procter & Gamble (PG) closed at $158.84, marking a +0.18% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.16%. Elsewhere, the Dow gained 0.86%, while the tech-heavy Nasdaq lost 0.38%.
Coming into today, shares of the world's largest consumer products maker had lost 7.31% in the past month. In that same time, the Consumer Staples sector lost 8.34%, while the S&P 500 lost 2.2%.
Analysts and investors alike will be keeping a close eye on the performance of Procter & Gamble in its upcoming earnings disclosure. The company's earnings report is set to go public on January 22, 2025. In that report, analysts expect Procter & Gamble to post earnings of $1.87 per share. This would mark year-over-year growth of 1.63%. Meanwhile, our latest consensus estimate is calling for revenue of $21.67 billion, up 1.08% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.93 per share and revenue of $85.35 billion. These totals would mark changes of +5.16% and +1.57%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Procter & Gamble. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.22% lower within the past month. Procter & Gamble is currently sporting a Zacks Rank of #3 (Hold).
With respect to valuation, Procter & Gamble is currently being traded at a Forward P/E ratio of 22.89. This valuation marks a premium compared to its industry's average Forward P/E of 21.4.
It is also worth noting that PG currently has a PEG ratio of 3.48. 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. As of the close of trade yesterday, the Consumer Products - Staples industry held an average PEG ratio of 2.66.