These Analysts Revise Their Forecasts On Procter & Gamble After Q3 Results
These Analysts Revise Their Forecasts On Procter & Gamble After Q3 Results
The Procter & Gamble Company (NYSE:PG) reported upbeat earnings for its third quarter on Friday.
Procter & Gamble reported third-quarter FY24 sales growth of 1% year-on-year to $20.195 billion, missing the analyst consensus estimate of $20.408 billion. Adjusted EPS of $1.52 beat the consensus estimate of $1.41, according to data from Benzinga Pro.
P&G maintained its guidance range for FY24 organic sales growth of 4%-5% and all-in sales growth of 2%-4%. P&G raised its FY24 EPS growth outlook from -1% to inline to a range of 1% to 2% versus FY23 EPS of $5.90. P&G raised its adjusted EPS growth outlook from 8%-9% to 10%-11% versus the prior year. P&G now expects unfavorable foreign exchange rates will be a headwind of approximately $600 million after tax.
P&G now expects a benefit of approximately $900 million after tax from favorable commodity costs for fiscal year 2024.
"We delivered solid sales and strong earnings growth in the third quarter despite multiple headwinds, enabling us to raise our EPS growth guidance and maintain our top-line outlook for the fiscal year," said Board Chairman, President, and CEO Jon Moeller.
P&G shares rose 1.9% to trade at $161.09 on Monday.
These analysts made changes to their price targets on P&G following earnings announcement.
- Jefferies raised the price target on P&G from $175 to $182. Jefferies analyst Kaumil Gajrawala maintained a Buy rating.
- Deutsche Bank lowered the price target on P&G from $172 to $171. Deutsche Bank analyst Steve Powers maintained a Buy rating.
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The Procter & Gamble Company (NYSE:PG) reported upbeat earnings for its third quarter on Friday.
寶潔公司（紐約證券交易所代碼：PG）週五公佈了樂觀的第三季度收益。
Procter & Gamble reported third-quarter FY24 sales growth of 1% year-on-year to $20.195 billion, missing the analyst consensus estimate of $20.408 billion. Adjusted EPS of $1.52 beat the consensus estimate of $1.41, according to data from Benzinga Pro.
寶潔公司報告稱，24財年第三季度銷售額同比增長1％，達到201.95億美元，未達到分析師共識估計的204.08億美元。根據Benzinga Pro的數據，調整後的每股收益爲1.52美元，超過了市場普遍預期的1.41美元。
P&G maintained its guidance range for FY24 organic sales growth of 4%-5% and all-in sales growth of 2%-4%. P&G raised its FY24 EPS growth outlook from -1% to inline to a range of 1% to 2% versus FY23 EPS of $5.90. P&G raised its adjusted EPS growth outlook from 8%-9% to 10%-11% versus the prior year. P&G now expects unfavorable foreign exchange rates will be a headwind of approximately $600 million after tax.
寶潔維持其24財年有機銷售增長4％-5％的指導區間，總銷售額增長2％-4％。寶潔將其24財年每股收益增長前景從-1％上調至1％至2％，而23財年的每股收益爲5.90美元。與去年相比，寶潔將其調整後的每股收益增長前景從8％-9％上調至10％-11％。寶潔現在預計，不利的外匯匯率將給稅後帶來約6億美元的不利影響。
P&G now expects a benefit of approximately $900 million after tax from favorable commodity costs for fiscal year 2024.
寶潔現在預計，2024財年的優惠大宗商品成本將帶來約9億美元的稅後收益。
"We delivered solid sales and strong earnings growth in the third quarter despite multiple headwinds, enabling us to raise our EPS growth guidance and maintain our top-line outlook for the fiscal year," said Board Chairman, President, and CEO Jon Moeller.
董事會主席、總裁兼首席執行官喬恩·穆勒表示：“儘管面臨多重阻力，但我們在第三季度仍實現了穩健的銷售額和強勁的收益增長，這使我們能夠提高每股收益增長預期並維持本財年的營收前景。”
P&G shares rose 1.9% to trade at $161.09 on Monday.
週一，寶潔股價上漲1.9％，至161.09美元。
These analysts made changes to their price targets on P&G following earnings announcement.
業績公佈後，這些分析師更改了寶潔的目標股價。
- Jefferies raised the price target on P&G from $175 to $182. Jefferies analyst Kaumil Gajrawala maintained a Buy rating.
- Deutsche Bank lowered the price target on P&G from $172 to $171. Deutsche Bank analyst Steve Powers maintained a Buy rating.
- 傑富瑞將寶潔的目標股價從175美元上調至182美元。傑富瑞分析師考米爾·加傑拉瓦拉維持買入評級。
- 德意志銀行將寶潔的目標股價從172美元下調至171美元。德意志銀行分析師史蒂夫·鮑爾斯維持買入評級。
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譯文內容由第三人軟體翻譯。
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