Procter & Gamble (PG, Financial) announced its third-quarter financial results, posting a revenue of $19.78 billion, falling short of analyst expectations of $20.15 billion. Despite achieving slight organic sales and earnings per share growth, the company faced hurdles in a volatile consumer and geopolitical landscape.
Jon Moeller, the company's chairman, president, and CEO, emphasized the firm's commitment to adapting its strategies to align with immediate market dynamics. He reaffirmed confidence in the long-term potential of P&G's brand portfolio and market positioning. The focus remains on a strategy that integrates key growth areas, emphasizing daily-use categories that influence consumer choice through performance.
P&G continues to hone in on product quality, effective packaging, brand communication, retail execution, and delivering value to both consumers and customers. Despite current challenges, the company upholds its investment in innovative solutions that span various price levels, aiming to enhance consumer value and stimulate category expansion.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 25 analysts, the average target price for Procter & Gamble Co (PG, Financial) is $178.81 with a high estimate of $200.00 and a low estimate of $144.22. The average target implies an upside of 7.89% from the current price of $165.73. More detailed estimate data can be found on the Procter & Gamble Co (PG) Forecast page.
Based on the consensus recommendation from 29 brokerage firms, Procter & Gamble Co's (PG, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Procter & Gamble Co (PG, Financial) in one year is $166.64, suggesting a upside of 0.55% from the current price of $165.73. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Procter & Gamble Co (PG) Summary page.
