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

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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? 

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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.

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Source: Getty
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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

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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.

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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.

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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.

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