Procter & Gamble Income Report: What Investors Can Expect?

Procter & Gamble Earnings Report

Procter & Gamble (NYSE:PG), one of the consumer goods giants, is set to announce its results this Friday morning. In the last quarter, it reported revenue of $20.89 billion, meeting analysts' revenue expectations. This represents a year-over-year increase of 1.7%. The company had a satisfactory quarter; while it exceeded EBITDA estimates, it experienced a slight shortfall in gross profit margin estimates.

For this quarter, analysts expect Procter & Gamble's revenue to rise by 2% year-over-year to $22.17 billion. This would signify a recovery from last year's stagnant revenues. Adjusted earnings per share are projected to be at $1.90.

In the past 30 days, analysts who have been following the company have generally reaffirmed their estimates. This indicates that Procter & Gamble is likely to experience steady performance ahead of its earnings announcement. Since going public, the company has only surpassed Wall Street's revenue forecasts twice.

Looking at competitors in the consumer staples segment, some have already reported their Q3 results, which may provide clues about what to expect. WD-40 achieved a 4.8% year-over-year revenue growth, exceeding analyst estimates by 6.2%. Lamb Weston, on the other hand, reported flat revenue but managed to exceed projections by 2.6%. Following these results, Lamb Weston saw a 11.4% increase in its stock price.

Investors in the consumer staples segment have remained calm as earnings announcements approach. Stock prices have shown no change in the past month, and Procter & Gamble's stock price has remained steady during this period. The average price target from analysts is $168.64, while the current stock price is at $152.20.

When a company has as much cash as it doesn't know what to do with, buying back its own shares can be a sensible strategy - provided the price is right. Fortunately, free cash flow is high, and we have found a low-priced stock that is buying back its shares. Act now to receive our exclusive report about this opportunity that shouldn't be missed.

StockStory is growing and hiring for positions in stock analysis and marketing. If you are a builder passionate about markets and artificial intelligence, you can check out the open positions here.