On Friday, July 29, before the market opens, Procter & Gamble (NYSE:PG) is expected to release its Q4 financial results.
Consensus revenue estimate is $19.41B (+2.4% Y/Y), while consensus EPS estimate is $1.23 (+8.8% Y/Y).
In the past two years, PG (NYSE:PG) has consistently outperformed revenue and EPS forecasts, outperforming them 88% of the time.
EPS projections have seen 1 upward modification and 13 lower revisions in the last three months. There have been 10 downward and 2 upward adjustments to revenue predictions.
Commodity inflation, inventory dynamics, and retailer resistance to price increases are risks for PG, according to Credit Suisse.
Wells Fargo Says Investors Should Pay Attention to Procter & Gamble
Given that sales momentum is still robust, Wells Fargo believes that it is appropriate for investors to start showing some interest in PG again.
While near-term inflationary pressures would have an impact on margins, Morgan Stanley noted in its list of the top analyst selections by sector that PG has more pricing power than competitors.
PG (NYSE:PG) shares increased as the consumer behemoth posted better-than-expected Q3 earnings and increased its guidance as pricing increases helped counteract the effects of inflation.
PG (NYSE:PG) has historically outperformed the market during periods of low consumer confidence, according to research, and is well-positioned to do so once more.
The price of PG stock, which has dropped 9.1% YTD, has significantly outperformed the S&P 500 index in the past year and has barely outperformed the S&P 500 Consumer Staples index.
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