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Key Takeaways
- Proctor & Gamble is about to report fiscal second-quarter earnings earlier than the opening bell Wednesday.
- A majority of analysts tracked by Seen Alpha have a "purchase" or equal score for the corporate's inventory.
- Their consensus value goal at about $179 would counsel 11% upside from Friday's closing value.
Proctor & Gamble (PG) is about to report fiscal second-quarter earnings earlier than the opening bell Wednesday, with analysts calling for income and earnings development.
Of the 16 analysts masking the inventory tracked by Seen Alpha, 10 have issued “buy” or equal scores, with six giving the inventory a “hold” score. Their consensus value goal at about $179 would counsel 11% upside from Friday’s closing value at $161.13.
The buyer packaged items large is predicted to report fiscal second-quarter web gross sales of $21.61 billion, up lower than 1% year-over-year, and earnings of $4.63 billion or $1.88 per share, up from $3.47 billion or $1.40 per share a yr in the past. Gross sales are anticipated to extend inside P&G’s Well being care and Cloth & House Care divisions, partially offset by declines in Magnificence, and Child, Female & Household Care.
Final quarter, P&G missed gross sales expectations however CEO Jon Moeller stated the corporate’s outcomes “keep us on track to deliver within our guidance ranges” for the total fiscal yr. P&G forecast full-year earnings per share development of 10% to 12% from $6.02 in fiscal 2024, consistent with analysts’ expectations.
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