Golf Clap for Procter & Gamble
Procter & Gamble (NYS: PG) reported earnings on April 27. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q3), Procter & Gamble met expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share dropped.
Margins dropped across the board.
Procter & Gamble booked revenue of $20.19 billion. The 17 analysts polled by S&P Capital IQ predicted revenue of $20.35 billion on the same basis. GAAP reported sales were 0.2% lower than the prior-year quarter's $20.23 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.94. The 21 earnings estimates compiled by S&P Capital IQ anticipated $0.93 per share. GAAP EPS of $0.82 for Q3 were 15% lower than the prior-year quarter's $0.96 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 49.3%, 120 basis points worse than the prior-year quarter. Operating margin was 16.4%, 220 basis points worse than the prior-year quarter. Net margin was 11.9%, 230 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $20.84 billion. On the bottom line, the average EPS estimate is $0.93.
Next year's average estimate for revenue is $85.03 billion. The average EPS estimate is $4.00.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 7,364 members out of 7,597 rating the stock outperform, and 233 members rating it underperform. Among 1,804 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,778 give Procter & Gamble a green thumbs-up, and 26 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Procter & Gamble is outperform, with an average price target of $71.96.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Motley Fool newsletter services have recommended buying shares of Procter & Gamble. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.