Published on 16 Jun 2022 on Zacks via Yahoo Finance

Procter & Gamble (PG) Stock Sinks As Market Gains: What You Should Know

Procter & Gamble (PG) closed at $132.51 in the latest trading session, marking a -0.99% move from the prior day. This change lagged the S&P 500's daily gain of 1.46%. At the same time, the Dow added 1%, and the tech-heavy Nasdaq lost 0.17%.

Heading into today, shares of the world's largest consumer products maker had lost 13.47% over the past month, lagging the Consumer Staples sector's loss of 7.99% and the S&P 500's loss of 6.94% in that time.

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 $1.25 per share, which would represent year-over-year growth of 10.62%. Meanwhile, our latest consensus estimate is calling for revenue of $19.51 billion, up 2.95% from the prior-year quarter.