These Analysts Revise Their Forecasts On Procter & Gamble After Q3 Results
Portfolio Pulse from Avi Kapoor
Procter & Gamble (NYSE:PG) reported Q3 FY24 earnings with a 1% sales growth to $20.195 billion, missing estimates but beating EPS forecasts with $1.52. The company maintained its FY24 sales growth guidance and raised its EPS growth outlook. Shares rose 1.9% to $161.09. Jefferies and Deutsche Bank adjusted their price targets on P&G following the earnings announcement.
April 22, 2024 | 5:54 pm
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POSITIVE IMPACT
Procter & Gamble reported a mixed Q3 FY24 with sales missing but EPS beating estimates. The company raised its FY24 EPS growth outlook, positively impacting its stock price.
The positive earnings report and raised EPS outlook for FY24 indicate strong financial health and operational efficiency, leading to a 1.9% increase in stock price. Analysts' revised price targets further validate the positive outlook for P&G.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100