What Analysts Think of P&G Stock Ahead of Earnings | Global News Avenue

Procter & Gamble (PG) will report fiscal second-quarter earnings before the market opens on Wednesday, with analysts calling for revenue and earnings growth.

Of the 16 analysts tracked by Visible Alpha, 10 rate the stock a “buy” or equivalent, with six giving the stock a “hold” rating. Their consensus price target is around $179, which implies an upside of 11% from Friday’s closing price of $161.13.

this consumer goods Giant expects second-quarter net sales of $21.61 billion, up less 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 year ago. Sales in P&G’s Healthcare and Fabric & Home Care segments are expected to increase, partially offset by lower sales in the Beauty, Baby, Feminine and Home Care segments.

Last quarter, P&G Didn’t meet sales expectations But Chief Executive Jon Moeller said the company’s performance “positions us to deliver within our guidance for the full fiscal year.” P&G expects full-year earnings per share in fiscal 2024 to grow 10% to 12% from $6.02, in line with analysts’ expectations.