Procter & Gamble Company (The) ($PG) Stock Forecast: Up 5.0% Today

What is Procter & Gamble Company (The)?

Procter & Gamble (PG) is a multinational consumer goods corporation known for a wide range of products in sectors such as beauty, grooming, health care, fabric & home care, and baby care. The company is listed on the NYSE under the ticker symbol PG.

Why is Procter & Gamble Company (The) going up?

PG stock is up 5.0% on Aug 2, 2024 13:49

• Procter & Gamble (PG) had a strong bullish movement today.
• This positive trend is linked to PG surpassing earnings expectations in Q4 2024, with reported EPS of $1.4 compared to expectations of $1.37.
• Despite a surprising decline in fourth-quarter sales, the market responded well to the earnings beat, demonstrating investor confidence in the company's performance.
• The emphasis on earnings overshadowed concerns about slowing demand and cost-conscious consumers, propelling the stock price upwards.

PG Price Chart

PG Technical Analysis

PG News

Procter & Gamble ( PG ) Slips Post Q4 Earnings: ETFs in Focus

Procter & Gamble Company (PG) came up with mixed results in Q4 earnings. The result puts these ETFs in focus.

https://www.zacks.com/stock/news/2313841/procter-gamble-pg-slips-post-q4-earnings-etfs-in-focus

Company News for Jul 31, 2024

Companies in The News Are: PFE, PG, SFM, ADM ...

https://www.zacks.com/stock/news/2312886/company-news-for-jul-31-2024

The Procter & Gamble Company (NYSE:PG) Q4 2024 Earnings Call Transcript

The Procter & Gamble Company (NYSE:PG) Q4 2024 Earnings Call Transcript July 30, 2024 The Procter & Gamble Company beats earnings expectations. Reported EPS is $1.4, expectations were $1.37. Operator: Good morning and welcome to Procter & Gamble’s quarter end conference call. Today’s event is being recorded for replay. This discussion will include a number […]

https://www.insidermonkey.com/blog/the-procter-gamble-company-nysepg-q4-2024-earnings-call-transcript-1328230/

Paris 2024 Olympics’ Wall of Fame: Top Brands Sponsoring the Games

Paris, an iconic city-break location brimming with culture, haute couture, and gourmet cuisine has grabbed the headlines as the French capital is also the world’s capital of sports this year. Hosting the 2024 Olympic Games, the capital of France is the place to be for competing athletes and global brands sponsoring the largest sporting event in the world. From a place where the spirit of chivalry and the glory of sport shine, the Olympic arena gradually grew into a massive stage for the world’s top brands, whose logos garnish its display boards, to the viewers’ enjoyment. Dozens of popular brands will leverage the Olympic and Paralympic Games this year to boost their presence before millions of sport lovers. Taking place between July 26 - August 11, the sporting competition inked strategic partnerships with tycoons like Visa, Air France, Toyota, and other corporations supporting the Olympic principles of equity, diversity, and sportsmanship. Who will take Paris? With so many stellar brands sponsoring the Olympics this year, it’s hard to decide which ones deserve the most attention.

https://www.forexlive.com/Education/paris-2024-olympics-wall-of-fame-top-brands-sponsoring-the-games-20240731/

P&G posts surprise sales drop as demand slows

Procter & Gamble posted a surprise drop in fourth-quarter sales, as the company''s efforts to reel in years of steep price hikes failed to win over price-conscious consumers who snubbed the company''s pricier Charmin toilet paper and Pampers diapers. Rivals including Nestle and Unilever also reported first-half sales growth below expectations. PepsiCo missed sales expectations earlier in July, with executives saying that consumers of all incomes were feeling squeezed financially.

https://brandequity.economictimes.indiatimes.com/news/business-of-brands/pg-posts-surprise-sales-drop-as-demand-slows/112153717

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Procter & Gamble Company (The) Price History

28.06.2023 - PG Stock was up 1.8%

• PG reported better-than-expected fiscal fourth-quarter results, indicating consumers' continued appetite for its products despite price hikes.
• The company saw a 5% increase in sales, with net income of $3.39 billion, surpassing analysts' expectations.
• PG's decision to increase prices by about 7% across its various brands in the latest quarter contributed to the positive market movement.
• The partnership with Zevo and the humorous 'Bugxiety' campaign also added to the positive sentiment surrounding PG's stock.

03.03.2024 - PG Stock was down 2.1%

• The bearish movement in Procter & Gamble (PG) stock today could be attributed to several factors:
• Despite being a stable blue-chip stock, PG may have been impacted by the overall market sentiment towards consumer staples stocks, as highlighted in the comparison with JAPAN TOB (JAPAY).
• The outflow of funds from technology enterprises and the shift towards investment-grade bonds may have led investors to reallocate their portfolios, affecting PG's stock price.
• The promotional offer could indicate a strategy to boost sales, which might not have immediately translated into positive market sentiment.
• While PG is known for its dividends and stability, the lack of high-growth prospects could have also influenced today's bearish movement as investors may be seeking higher returns elsewhere.

30.06.2024 - PG Stock was down 5.4%

• P&G reported a surprise sales drop due to slowing demand and increased promotions, leading to lower prices and impacting organic sales negatively.
• Despite positive volume growth, the company faced foreign exchange headwinds, affecting its overall performance.
• Declines in sales of beauty products and diapers contributed to the stock tumbling, reflecting challenges in key product categories.
• The combination of weakening demand, pricing pressures from promotions, and sales declines in crucial segments likely drove the bearish movement in P&G's stock today.

30.06.2024 - PG Stock was down 5.8%

• Procter & Gamble's stock declined following the release of fourth-quarter sales that fell short of expectations, raising concerns about its performance.
• Despite exceeding profit forecasts, the drop in Q4 earnings compared to the previous year likely contributed to the negative outlook on the stock.
• Investors are closely watching key earnings announcements, including Microsoft's, which could impact market sentiment and affect the performance of companies like Procter & Gamble.
• The broader market outlook, with attention on upcoming Federal Reserve decisions and tech giants' earnings releases, may have fueled the volatility and bearish trend witnessed in Procter & Gamble's stock today.

30.06.2024 - PG Stock was down 5.1%

• Procter & Gamble faced significant downward pressure attributed to a drop in sales of beauty products and diapers.
• Despite surpassing earnings per share projections, the company fell short of revenue forecasts for the fourth quarter of 2024.
• Concerns regarding stock market fluctuations and uncertainty may have impacted investors, contributing to the decline in PG's stock value.
• The combination of reduced sales, varied earnings performance, and market instability likely influenced the negative movement in Procter & Gamble's stock.

30.06.2024 - PG Stock was down 5.6%

• Procter & Gamble surpassed EPS expectations for Q4 2024 but fell short of revenue estimates, causing disappointment among investors and triggering a bearish trend in the stock.
• Despite implementing price controls, a surprising decline in sales suggests a decrease in demand, potentially contributing to the negative market performance.
• An announcement addressing challenges related to stock market volatility may have heightened investor apprehensions, further influencing the bearish trajectory of PG stock.
• Taken together, the combination of revenue miss, slowing demand, and concerns surrounding market volatility likely prompted the significant decline in Procter & Gamble's stock value during this recent period.

02.07.2024 - PG Stock was up 5.0%

• Procter & Gamble (PG) had a strong bullish movement today.
• This positive trend is linked to PG surpassing earnings expectations in Q4 2024, with reported EPS of $1.4 compared to expectations of $1.37.
• Despite a surprising decline in fourth-quarter sales, the market responded well to the earnings beat, demonstrating investor confidence in the company's performance.
• The emphasis on earnings overshadowed concerns about slowing demand and cost-conscious consumers, propelling the stock price upwards.