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PG / Procter & Gamble's fiscal 2023 EPS estimate falls short of expectations amid surging commodity and transport costs

Procter & Gamble (NYSE:PG) Co shares stumbled Friday morning after the consumer goods producer's full-year fiscal 2023 earnings guidance came in below expectations in the wake of increased transportation and commodity costs. In its fiscal fourth-quarter earnings released before the bell on Friday, P&G projected average fiscal 2023 earnings per share of $5.93, short of analysts' estimate of $6.02, as the company anticipated taking a $3.3 billion hit due to higher commodity and shipping costs, along with a stronger dollar. Read More

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Posted: Jul 29 2022, 09:39

Author Name: Proactive Investors

PG News

By Forbes
November 1, 2023

Is Procter & Gamble Stock Fully Valued At $150?

The company reported revenue of $21.9 billion and adjusted earnings of $1.83 per share, higher than the consensus estimates of $21.6 billion and $1.70

By The Motley Fool
October 26, 2023

Why Procter & Gamble Might Be Done Raising Prices

P&G is expecting a benefit from falling commodity prices this year. Watch sales volumes for a potential rebound ahead.

By Zacks Investment Research
October 23, 2023

P&G (PG) Moves to Buy: Rationale Behind the Upgrade

P&G (PG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

By The Motley Fool
October 19, 2023

This Buffett Stock Just Crushed Earnings: Time to Buy?

Procter & Gamble saw growth in all five of its product categories. Brand recognition helps the business consistently raise prices.

By The Motley Fool
October 19, 2023

A Bull Market Could Be Here: 3 Reasons to Buy Procter & Gamble Stock

P&G has a proven track record of holding or extending market share. It is a cash machine, generating $17 billion in operating cash flow this past year

By PYMNTS
October 18, 2023

P&G Says 6% Sales Increase Underpins Consumer Spending Resilience Amid Inflation

Procter & Gamble (P&G), the consumer goods giant known for brands like Tide detergent and Pampers diapers, announced first quarter fiscal year 2024 re

By Seeking Alpha
October 18, 2023

Procter & Gamble Has More Upside

P&G's guidance looks conservative. Revenue growth can further accelerate next quarter. Valuation is still attractive.

By WSJ
October 18, 2023

P&G Washes Away Consumer Blues Everywhere but China

The consumer giant's sales volumes are rising outside of one important market.

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