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).