CPG - PG Stock: What to Watch Ahead of Q2 Earnings
PG Stock ( NYSE:PG )
The results for the second quarter of the fiscal year 2023 will be reported by The Procter & Gamble Company ( NYSE:PG ) on January 19, before the market opens. In the coming quarter, it is anticipated that the company will post lower revenue and profitability than in the previous quarter. PG stock has fallen more than 5% over one year.
Earnings projections for the company’s fiscal second quarter are currently pegged at $1.57 per share, which represents a 5.4% drop from the figure that was actually recorded in the previous quarter. Over the past 30 days, the amount that is generally agreed upon has stayed the same. Revenues are expected to come in at $20.57 billion for the second quarter of the current fiscal year, which is 1.8% lower than the reported amount for the same quarter in the prior fiscal year.
We forecast that the company’s overall revenues for the fiscal second quarter will decrease by 4.6% year on year to $20,065.3 million, with the bottom line decreasing by 5.4% to $1.57 per share.
In the most recent quarter , the company managed to wow investors by a 1.3% margin. It outperformed expectations in terms of its bottom line in each of the prior four quarters by an average of 1.05%.
Important Considerations
The performance of Procter & Gamble has suffered as a result of rising expenses associated with freight, commodities, and raw materials, which have all combined. Because of the continuous effects of commodity and raw material cost inflation, higher freight costs, negative product...
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