Fool Cheat Sheet: Procter & Gamble Earnings
Procter & Gamble (NYS: PG) reported earnings on Jan. 27. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q2), Procter & Gamble met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Procter & Gamble logged revenue of $22.14 billion. The 16 analysts polled by S&P Capital IQ hoped for revenue of $22.19 billion. Sales were 3.7% higher than the prior-year quarter's $21.35 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $1.10. The 17 earnings estimates compiled by S&P Capital IQ averaged $1.08 per share on the same basis. GAAP EPS of $0.57 for Q2 were 49% lower than the prior-year quarter's $1.11 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 49.7%, 210 basis points worse than the prior-year quarter. Operating margin was 19.4%, 60 basis points worse than the prior-year quarter. Net margin was 7.6%, 800 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $20.92 billion. On the bottom line, the average EPS estimate is $1.06.
Next year's average estimate for revenue is $86.11 billion. The average EPS estimate is $4.16.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 7,296 members out of 7,525 rating the stock outperform, and 229 members rating it underperform. Among 1,930 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,902 give Procter & Gamble a green thumbs-up, and 28 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 $71.41.
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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. 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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