Procter and Gamble Earnings Preview for 1QFY15

The multinational company is expected to report earnings that are much lower as compared to the last year.

Procter and Gamble has positioned itself to announce the third quarter earnings for the current financial year on Thursday, April 23 prior to the start of the market activities of the day. Analysts have decidedly come to the conclusion that this time around, the company might be reporting weaker earnings as compared to the same quarter of the previous year. A drop of 0.06% might be seen by the firm in the earnings call on Thursday.

Previously, analysts at FactSet were making expectations on P&G to end up making earnings more than that of what it made the year before but with the passage of time, the numbers decreased. The adjusted earnings that the equity firm has decided to put forward are 92 cents per share which is lower than the previous year’s earnings which were $1.04 a share. The dip in the earnings that is currently being predicted by analysts is due to the earnings of the 2^nd quarter which came out to be surprisingly lower than expected in January 2015. At first the estimates were standing at $1.07 but after the shares started experiencing a dip, analysts were observed to have decreased the adjusted earnings to be 96 cents.

Analysts at FactSet have made their predictions for the revenue of the P&G to turn out to be $18.4 billion for the quarter. As for the previous year’s same quarter, the revenue has reportedly reached $20.6 billion. According to the past data on records, it has been reported by equity firms that this is the firm time since 2010 that the company is expected to report earnings less than $20 billion.

The shares of the company have not touched their all- time high of $93 since the sluggish 2^nd quarter results.

If the present situation of the Procter and Gamble is taken into consideration, it will be seen that the company is trading an all-time low share price at $83, which is the lower than the averages of 50 day and 200 day moving that have been made by the analysts. The company has a current market value fixed at $223.79 billion.