Procter & Gamble reports fiscal Q2 numbers January 23

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Procter & Gamble (PG) is scheduled to release its fiscal second-quarter numbers before the market open January 23. Analysts expect to see earnings of $1.21 per share, up from $1.19 during the same period last year. PG shares have gained 16.9% since the start of July.

Technical Analysis

PG was recently trading at $91.33 down $5.57 from its 12-month high and $20.60 above its 12-month low. InvestorsObserver’s Stock Score Report gives PG a 81 long-term technical score and a 80 short-term technical score. The stock has recent support above $90 and recent resistance below $96. Of the 18 analysts who cover the stock 8 rate it Strong Buy, 1 rate it Buy, 8 rate it Hold, 0 rate it Sell, and 1 rate it Strong Sell, PG gets a score of 64 from InvestorsObserver’s Stock Score Report.

Analysts' Thoughts

Procter & Gamble has been one of the stronger stocks over the last year, and the stock was able to avoid much of the December sell off that shook the markets. The company has struggled to grow earnings in recent years, but analysts see a better future with forecast average annual earnings growth of 6.7% over the next five years. The company has done a good job narrowing its product line, focusing on its most brandable products, and reducing costs to drive top-line growth which should lead to another solid quarterly report and allow the stock to get back to its 52-week high. Last quarter the company posted positive surprises on both the top and bottom line, and the street expects another small earnings beat this quarter with a whisper number of $1.23. Analysts have a $94.39 price target on the stock.

About Procter & Gamble Company (The)

Since its founding in 1837, Procter & Gamble has become the world's largest consumer product manufacturer. It operates with a lineup of leading brands, including 21 that generate more than $1 billion in annual global sales such as Tide laundry detergent, Charmin toilet paper, Pantene shampoo, and Pampers diapers. P&G sold its last remaining food brand, Pringles, to Kellogg in 2012. Sales beyond its home turf represent around 55% of the firm's consolidated total, with around one third coming from emerging markets.

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