Procter & Gamble Analysts Unfazed by Latest Earnings Report
The Procter & Gamble Company (NYSE:PG) recently released its full-year results, which were met with a less-than-enthusiastic response from investors. The stock price fell by 2% to $144 in the past week.
The company's revenue for the year came in at $87 billion, in line with analysts' expectations. However, statutory earnings per share (EPS) were lower than anticipated at $6.62, a shortfall of 2.5% from estimates.
Despite this, analysts seem to have taken the results in stride, with no major changes to their forecasts for next year. For 2027, they expect revenues to reach $88.7 billion and EPS to be around $6.91.
These projections are close to the analysts' previous estimates of $89.4 billion in revenue and $6.99 in EPS. The consensus price target remains at $161, reflecting analysts' confidence in the company's performance.