Stocks

Procter & Gamble Reports Earnings Tomorrow. Here's What to Expect.

Wall Street’s consensus estimate calls for fiscal first-quarter earnings of $1.24 a share on sales of $17.5 billion, according to FactSet.

Wall Street’s consensus estimate calls for fiscal first-quarter earnings of $1.24 a share on sales of $17.5 billion, according to FactSet.

Procter & Gamble is set to report fiscal first-quarter earnings before the market opens on Tuesday.

The company’s stock (ticker: PG) has gained 28% so far in 2019, and is up 35% in the trailing one-year period, far outpacing the S&P 500 in both periods.

Here’s a snapshot of Wall Street’s expectations and some recent history.

• For the first quarter, Wall Street’s consensus estimate calls for earnings of $1.24 a share on sales of $17.5 billion, according to FactSet. P&G has beaten analysts’ expectations every quarter since early 2015.

• Of the analysts listed by FactSet, 52% have a Buy or equivalent rating while 39% have a neutral rating, and 9% have a sell or equivalent rating.

• P&G reported full-year earnings in July, and its shares jumped on an earnings beat and an increase in organic growth.

• Since Barron’s wrote that the P&G stock appeared undervalued near the end of June, it’s gained more than 7%, compared to a 1.5% gain for the S&P 500 index.

• Barron’s also noted investors should consider P&G last month, given it’s a consumer-staple stock that sports an attractive yield and steady dividend growth. Its dividend has risen for 63 consecutive years.

Write to Connor Smith at connor.smith@barrons.com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.