Procter & Gamble (PG) shares slide as revenue misses analyst consensus estimate
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Procter & Gamble (PG) PT Raised to $164 at RBC Capital
July 31, 2024 6:26 AM EDTRBC Capital analyst Nik Modi raised the price target on Procter & Gamble (NYSE: PG) to $164.00 (from $157.00) while maintaining a Sector Perform rating.
The analyst comments "Given relative outperformance into the quarter, we are not surprised by PGs sell-off post earnings, especially... More
P&G posts surprise sales drop as demand slows despite price restraint
July 30, 2024 6:59 AM EDTBy Ananya Mariam Rajesh and Jessica DiNapoli
(Reuters) -Procter & Gamble posted a surprise drop in fourth-quarter sales, as the company's efforts to reel in years of steep price hikes failed to win over price-conscious consumers who snubbed the company's pricier Charmin toilet paper and Pampers diapers.
P&G shares fell 4.8% on Tuesday.
Rivals including Nestle and Unilever also reported first-half sales growth below expectations. PepsiCo missed sales expectations earlier in July, with executives saying that consumers of all incomes were feeling squeezed financially.
"(There is) a hole in the consumer sector ... it is getting... More
Procter & Gamble (PG) Tops Q4 EPS by 3c, Offers Guidance
July 30, 2024 6:57 AM EDTProcter & Gamble (NYSE: PG) reported Q4 EPS of $1.40, $0.03 better than the analyst estimate of $1.37. Revenue for the quarter came in at $20.53 billion versus the consensus estimate of $20.73 billion.
GUIDANCE:
Procter & Gamble sees FY2025 EPS of $6.91-$7.05, versus the consensus of $6.96.
P&G expects fiscal year 2025 all-in sales growth in the range of two to four percent versus the prior year. Foreign exchange is expected to be a headwind of approximately one percentage point to... MoreFed meeting, Microsoft earns, BP dividend - what's moving markets
July 30, 2024 5:31 AM EDTInvesting.com -- The Federal Reserve starts its latest policy-setting meeting, while investors look forward to more corporate earnings, particularly from the important tech sector. BP has already impressed with its second-quarter numbers.Â
1. Fed starts policy-setting meetingÂ
The Federal Reserve starts its July policy meeting later in the session, and after a benign June inflation report, investors after looking for the policymakers to lay the groundwork for a September rate cut.
... MoreProcter & Gamble (PG) call put ratio 1.2 calls to 1 put into quarter results
July 29, 2024 11:24 AM EDTProcter & Gamble (NYSE: PG) August weekly call option implied volatility is at 34, August is at 19; compared to its 52-week range of 10 to 24 into expected release of quarter results before the bell on July 30.
... MoreProcter & Gamble (PG) August 2 weekly 170 straddle priced into quarter results
July 29, 2024 5:33 AM EDTProcter & Gamble (NYSE: PG) August 2 weekly 170 straddle priced for a move of 3.5% into expected release of quarter results before the bell on July 30.
... More