Financial News

Procter & Gamble (PG) Q3 Earnings Report Preview: What To Look For

PG Cover Image

Consumer products behemoth Proctor & Gamble (NYSE: PG) will be reporting results this Friday morning. Here’s what you need to know.

Procter & Gamble met analysts’ revenue expectations last quarter, reporting revenues of $20.89 billion, up 1.7% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ EBITDA estimates but a slight miss of analysts’ gross margin estimates.

Is Procter & Gamble a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Procter & Gamble’s revenue to grow 2% year on year to $22.17 billion, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $1.90 per share.

Procter & Gamble Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Procter & Gamble has missed Wall Street’s revenue estimates twice since going public.

Looking at Procter & Gamble’s peers in the consumer staples segment, some have already reported their Q3 results, giving us a hint as to what we can expect. WD-40 delivered year-on-year revenue growth of 4.8%, beating analysts’ expectations by 6.2%, and Lamb Weston reported flat revenue, topping estimates by 2.6%. Lamb Weston traded up 11.4% following the results.

Read our full analysis of WD-40’s results here and Lamb Weston’s results here.

Investors in the consumer staples segment have had steady hands going into earnings, with share prices flat over the last month. Procter & Gamble’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $168.64 (compared to the current share price of $152.20).

P.S. While everyone's chasing Nvidia, we found a hidden AI semiconductor winner trading at a fraction of the price. See our #1 pick before Wall Street catches on.

StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.

Recent Quotes

View More
Symbol Price Change (%)
AMZN  229.16
-0.51 (-0.22%)
AAPL  277.55
+0.58 (0.21%)
AMD  214.24
+8.11 (3.93%)
BAC  52.99
+0.51 (0.97%)
GOOG  320.28
-3.36 (-1.04%)
META  633.61
-2.61 (-0.41%)
MSFT  485.50
+8.51 (1.78%)
NVDA  180.26
+2.44 (1.37%)
ORCL  204.96
+7.93 (4.02%)
TSLA  426.58
+7.18 (1.71%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.

Use the myMotherLode.com Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • US News
  • Weather
  • State News
  • Events
  • Traffic
  • Sports
  • Dining Guide
  • Real Estate
  • Classifieds
  • Financial News
  • Fire Info
Feedback