Procter & Gamble Beats Analyst Estimates on EPS
Procter & Gamble (NYS: PG) reported earnings on Oct. 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q1), Procter & Gamble met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share contracted.
Gross margins increased, operating margins dropped, net margins dropped.
Procter & Gamble recorded revenue of $20.74 billion. The 15 analysts polled by S&P Capital IQ foresaw net sales of $20.78 billion on the same basis. GAAP reported sales were 5.4% lower than the prior-year quarter's $21.92 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 $1.06. The 20 earnings estimates compiled by S&P Capital IQ predicted $0.96 per share. GAAP EPS of $0.96 for Q1 were 6.8% lower than the prior-year quarter's $1.03 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 50.1%, 60 basis points better than the prior-year quarter. Operating margin was 19.1%, 70 basis points worse than the prior-year quarter. Net margin was 13.6%, 20 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $21.74 billion. On the bottom line, the average EPS estimate is $1.09.
Next year's average estimate for revenue is $83.74 billion. The average EPS estimate is $3.90.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 7,431 members out of 7,678 rating the stock outperform, and 247 members rating it underperform. Among 1,962 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,922 give Procter & Gamble a green thumbs-up, and 40 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 $69.98.
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The article Procter & Gamble Beats Analyst Estimates on EPS originally appeared on Fool.com.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. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend The Procter & Gamble Company. 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.
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