when does procter gamble report earnings

What Do Analysts Expect for Procter & Gamble’s Q3 Earnings?

By

Oct. 16 2020, Updated 1:13 p.m. ET

The third-quarter earnings season is in full swing. FactSet expects S&P 500 companies to report a 20.5 percent earnings decline in the third quarter. Procter & Gamble will likely release its third-quarter earnings soon. When will Procter & Gamble report its earnings? What do analysts project for the consumer staple giant’s third-quarter results? 

Article continues below advertisement

Procter & Gamble's earnings date and time

Procter & Gamble will likely release its third-quarter earnings on Oct. 20 at 8:30 a.m. ET. According to the estimates compiled by Tikr, analysts expect Procter & Gamble to report revenues of $18.35 billion in the third quarter—up 3.1 percent year-over-year. The company's revenues are projected to rise by 3.5 percent in the fourth quarter.

procter gamble earnings
Source: Getty
Article continues below advertisement

Analysts expect Procter & Gamble’s adjusted EPS to rise by 3.3 percent in the third quarter to $1.42. In the second quarter, the adjusted EPS increased 5.5 percent YoY. However, analysts expect Procter & Gamble's free cash flow per share to fall almost 50 percent YoY in the third quarter to $0.81

Article continues below advertisement

What is Procter & Gamble’s stock price today?

Procter & Gamble was trading 1.3 percent higher at $145.66 at 10:30 a.m. ET on Friday, Oct. 16. The stock has gained over 15 percent so far in 2020 and has outperformed the S&P 500. Consumer staple stocks have been strong in 2020. U.S. consumers have spent on groceries and other daily use items even though they slashed their spending on some discretionary items. Procter & Gamble stock made its 52-week low of $94.34 in March and its 52-week high of $145.85 on Oct. 16.

Procter & Gamble's dividend

Procter & Gamble has paid a dividend for the last 130 years. The company has increased its dividend annually for the last 64 years, which isn't a small achievement. Procter & Gamble's recent dividend of $0.7907 was announced on Oct. 13 and will be paid on Nov. 16.

Article continues below advertisement

What is Procter & Gamble's stock forecast?

According to estimates compiled by CNN, Procter & Gamble has a median target price of $149, which represents an upside of only about 2 percent from the current stock prices. The highest target price of $166 is 14 percent above Procter & Gamble's current stock price. However, the lowest target price of $125 represents a potential downside of 14 percent over the current stock price.

Article continues below advertisement

Among the 22 analysts actively covering Procter & Gamble stock, 13 have a buy or higher rating, one has a sell rating, and eight have a hold rating on Procter & Gamble stock. The shares trade at an NTM PE ratio of 26.6x.

Advertisement

More From Market Realist

  • Honeywell sign
    Earnings Report
    CNBC Pro Stocks to Buy Before Q1 Earnings
  • Men walking by Morgan Stanley headquarters
    Financials
    Morgan Stanley’s (MS) Stock Forecast Before Q1 Earnings
  • Carnival cruise ship sailing
    Consumer
    Carnival's (CCL) Stock Forecast Before Q1 Business Update
  • GameStop store
    Consumer
    GME's Earnings Are Coming: Will It Be Mayday for Shorts or WallStreetBets?
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.