Categories Consumer, Earnings

Procter & Gamble (PG) earnings preview: Higher revenue and profits expected in Q2

The Procter & Gamble Company (NYSE: PG) is scheduled to report second quarter 2020 earnings results on Thursday, January 23, before the market opens. Analysts have projected earnings to improve to $1.37 per share from the year-ago number of $1.25 per share. Revenue is estimated to grow 5% year-over-year to $18.3 billion.

P&G is likely to see strong organic sales on the strength of its product portfolio along with favorable volumes and price/mix factors. Last quarter, organic sales grew 7%. The company’s innovation and marketing efforts are also expected to drive growth.

The Procter & Gamble Company (NYSE: PG) on Tuesday reported 7% increase in first-quarter revenues to $17.79 billion

P&G’s strategic acquisitions and divestitures will help solidify the product lineup and prove beneficial to results. Earlier this month, the company announced plans to acquire the female body care company Billie Inc.

P&G is also likely to benefit from its cost reduction efforts as well as lower commodity costs which could drive margins. However, adverse currency impacts are likely to dampen the quarterly results.

In the first quarter of 2020, P&G beat consensus estimates for both revenue and earnings. Revenue increased 7% to $17.7 billion while core EPS was $1.37.

Last quarter, Procter & Gamble raised the outlook for fiscal 2020 all-in sales growth from 3-4% to 3-5% growth. The company also raised its guidance range on fiscal 2020 all-in GAAP EPS growth to 225-243%. The range for core EPS growth was raised to 5-10% from the prior range of 4-9%.

P&G’s shares have gained 37% in the past one year. The majority of analysts have rated the stock as Buy with the remaining giving it a rating of Hold. The stock has an average price target of $130.30.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Micron Technology (MU) Q3 Earnings: Key financials and quarterly highlights

Micron Technology Inc. (NASDAQ: MU) reported third quarter 2022 earnings results today. Revenue increased 16% year-over-year to $8.64 billion. GAAP net income was $2.63 billion, or $2.34 per share, compared

Constellation Brands (STZ): Earnings beat and share structure revamp put brewer in the spotlight

Shares of Constellation Brands Inc. (NYSE: STZ) were down 4% on Thursday despite the company beating expectations on its first quarter 2023 earnings results. The stock has dropped 7% year-to-date.

Infographic: Key highlights from Constellation Brands (STZ) Q1 2023 earnings results

Constellation Brands, Inc. (NYSE: STZ) reported first quarter 2023 earnings results today. Net sales increased 17% year-over-year to $2.3 billion. Net income attributable to CBI was $390 million, or $2.06

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top