P&G lifts annual profit forecast on strong US consumer demand, easing costs
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Procter & Gamble (PG) PT Raised to $182 at Jefferies
April 22, 2024 5:05 AM EDTJefferies analyst Kaumil Gajrawala raised the price target on Procter & Gamble (NYSE: PG) to $182.00 (from $175.00) while maintaining a Buy rating.
The analyst comments "F3Q EPS beat expectations, growing +11%. The solid delivery comes despite volatile macro conditions and a one-off retailer... More
Procter & Gamble (PG) revenue falls short of expectations, raises full-year earnings guidance
April 19, 2024 7:39 AM EDTProcter & Gamble (NYSE: PG) reported third-quarter earnings that surpassed analyst expectations, with adjusted earnings per share (EPS) of $1.52, which was $0.11 higher than the consensus estimate of $1.41. However, the company experienced a slight setback as revenue for the quarter was reported at $20.2 billion, falling short of the analyst consensus of $20.44 billion. The stock responded with a modest decline of 1.2%, reflecting investor reaction to the revenue miss.
The consumer goods giant saw a 1% increase in net sales compared to the same quarter last year, with organic sales, which exclude foreign exchange and... More
