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Procter & Gamble's Q2 Earnings Preview

Procter & Gamble (NYSE: PG) unveils its next round of earnings this Thursday, January 23. Here is Benzinga's everything-that-matters guide for the earnings announcement.

Benzinga · 01/22/2020 18:55

Procter & Gamble (NYSE: PG) unveils its next round of earnings this Thursday, January 23. Here is Benzinga's everything-that-matters guide for the earnings announcement.

Earnings and Revenue

Wall Street analysts see Procter & Gamble reporting earnings of $1.37 per share on revenue of $18.35 billion.

Procter & Gamble reported a profit of $1.25 when it published results during the same quarter last year. Sales in that period totaled $17.44 billion. If the company were to match the consensus estimate when it reports Thursday, EPS would be up 9.60%. Sales would be have grown 5.23% from the same quarter last year. Procter & Gamble's reported EPS has stacked up against analyst estimates in the past like this:

 

QuarterQ1 2020Q4 2019Q3 2019Q2 2019
EPS Estimate1.2401.0501.0301.21
EPS Actual1.3701.1001.0601.25

Stock Performance

For a full 12 months, the return has risen by 37.92%. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Analyst estimates have adjusted higher for EPS and revenues over the past 90 days. The most common rating by analysts on Procter & Gamble stock is a Neutral. The strength of this rating has maintained conviction over the past three months.

Conference Call

Procter & Gamble is scheduled to hold a conference call at 8:00 a.m. ET and can be accessed here: http://www.pginvestor.com/Presentations-and-Events