Published on 28 Jun 2022 on Zacks via Yahoo Finance
Procter & Gamble (PG) closed at $140.92 in the latest trading session, marking a -1.63% move from the prior day. This change was narrower than the S&P 500's daily loss of 2.01%. At the same time, the Dow lost 1.56%, and the tech-heavy Nasdaq lost 0.2%.
Coming into today, shares of the world's largest consumer products maker had lost 3.68% in the past month. In that same time, the Consumer Staples sector lost 1.92%, while the S&P 500 lost 6.08%.
Procter & Gamble will be looking to display strength as it nears its next earnings release, which is expected to be July 29, 2022. On that day, Procter & Gamble is projected to report earnings of $1.24 per share, which would represent year-over-year growth of 9.73%. Our most recent consensus estimate is calling for quarterly revenue of $19.46 billion, up 2.73% from the year-ago period.