World News – United States – P&G reports results tomorrow Here’s what to expect

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Procter & Gamble

will release its first quarter tax results on Tuesday, as investors look to the household products maker to continue to profit from pandemic trends Stocks also got at least one target price increase ahead of results

P&G

(PG) grew by around 14% in 2020, as the company’s cleaning products saw increased demand throughout the Covid-19 crisis

The company released an optimistic fourth quarter financial report in July – building on the strength of the start of the year – as consumers grabbed brands like M Clean and Bounty Paper Napkins, both in US as well as in key markets like China

On Monday, Truist analyst Bill Chappell raised his price target on P&G to $ 150 from $ 125, although he maintained a Hold rating on the stock He writes that the move comes as the sector as a whole has seen multiples grow, although he is hesitant to be bullish on the stock, given that it is trading above all-time highs and seems already. promote solid results

Fifty-nine percent of the 22 analysts tracked by FactSet have a buy rating or equivalent on P&G, and 36% note it pending There is a bearish call on the stock. analysts is $ 147.47

Analysts look for P&G to earn $ 1.442 a share on revenue of $ 18.35 billion This compares to EPS of $ 1.16 last quarter and $ 1.37 in the prior year period The company’s results surprised at the increase every quarter over the past five years

Procter & Gamble to release its first quarter tax results on Tuesday, as investors seek the household products maker to continue to profit from pandemic trends

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Procter & Gamble, Earnings, Stock, Netflix