Procter & Gamble is set to report fourth-quarter results after the market closes on Wednesday, with investors watching for signs that the consumer goods giant can sustain sales growth amid a cautious consumer environment. Wall Street expects earnings of $1.41 per share, down 4.7% from a year earlier, on revenue of $21.38 billion, up 2.3%. Analysts will focus on whether the company can deliver accelerating revenue and earnings growth, as well as commentary on consumer demand, pricing, and margins. Over the last two years, P&G has beaten earnings per share estimates 100% of the time and revenue estimates 50% of the time, though recent revisions have trended downward with 16 cuts to EPS estimates and 11 to revenue estimates over the past three months.
Procter & Gamble CompanyEarnings and revenue estimates have been cut, but the company has a strong track record of beating estimates; results are pending.