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- Procter & Gamble stock rises after earnings
- Founded: October 31, 1837
- Headquarters: Cincinnati, Ohio, United States
- Number of employees: 27,560 (2023)
- Industry: Consumer goods
- Key people: David S. Taylor (Executive Chairman), Jon R. Moeller (President and CEO)
- 5 day: +2.99%
- 1 month: +5.71%
- 3 months: +2.92%
- Year-to-date: +5.28%
- 1 year: +8.78%
- JP Morgan Chase & Co.: $162
- Barclays: $160
- Jefferies Financial Group: $177
- DZ Bank: $155
- Wells Fargo & Company: $162
- Stifel Nicolaus: $151
- Sanford C. Bernstein: $153
- HSBC: $179
- Bank of America: $175
- Morgan Stanley: $174
- Deutsche Bank: $173
- Royal Bank of Canada: $167
- Truist Financial
- Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours
- Reduce your risk and hedge your existing positions ahead of a new trading day
- Extended trading hours on popular US stocks means extended opportunities
News & AnalysisWorld’s largest consumer goods company, Procter & Gamble Company (NYSE: PG), announced second quarter of fiscal year 2024 results on Tuesday.
The company achieved revenue of $21.441 billion for the quarter (up by 3% year-over-year), slightly short of Wall Street estimate of $21.476 billion.
Earnings per share reached $1.84 per share (up by 16% year-over-year), which was above analyst estimate of $1.697 per share.
Company overview
CEO commentary
”We delivered strong results in the second quarter, enabling us to raise our core EPS growth guidance and maintain our top-line outlook for the fiscal year,” CEO of the company, Jon Moeller, said in a press release to investors.
”We remain committed to our integrated strategy of a focused product portfolio of daily use categories where performance drives brand choice, superiority — across product performance, packaging, brand communication, retail execution and consumer and customer value — productivity, constructive disruption and an agile and accountable organization. The P&G team’s execution of this strategy has enabled us to build and sustain strong momentum. We have confidence this remains the right strategy to deliver balanced growth and value creation,” Moeller added.
Stock reaction
The latest results had a positive impact on the stock in Tuesday’s session. Shares were up by 4.39% at $154.35 a share – the highest since 14/9/2023.
Stock performance
Procter & Gamble price targets
Procter & Gamble Company is the 22nd largest company in the world with a market cap of $363.71 billion, according to CompaniesMarketCap.
You can trade Procter & Gamble Company (NYSE: PG) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform. To find out more, go to “Trading” then select “Share CFDs”.
GO Markets offers pre-market and after-market trading on popular US Share CFDs.
Why trade during extended hours?
Sources: Procter & Gamble Company, TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
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Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.
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