The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication.
Procter & Gamble is trading at $77.79. The stock is down 4.2% since it posted Q3 results in April, which showed investors that EPS exceeded expectations but revenues remained unchanged.
The company has a mixed history when it comes to reporting season; EPS has exceeded estimates in 12 of the past 13 quarters, while revenue has missed expectations eight of the past 12.
Traders will be focusing on the revenue; much of Procter & Gamble’s increased earnings in Q3 came from cost-cutting and the five-year $10 billion restructuring plan that was implemented in 2012.
The stock is down 3.2% year-to-date, while the Dow Jones is up 1.8% over the same period. Analysts are relatively bullish; out of the 34 reports, 16 are buys, 17 are holds and only one is a sell. Shares have bounced off $75 several times in the past 18 months; good results could push the stock to as much as $80.47.
Procter & Gamble is available for extended hours trading at IG: up until 1am Mon-Thurs and 10pm Fri (London time).