Procter & Gamble Set to Release Q2 Earnings, Analysts Predict Modest Upside

Procter & Gamble Co PG is scheduled to announce its second-quarter earnings this Wednesday. Analysts project an earnings per share (EPS) of $1.86 and revenues of $21.54 billion, with the results coming out before market opens.

Over the last year, the stock has seen a rise of 9.29%, although it is down 2.64% year-to-date.

Let’s take a closer look at the current trends for Procter & Gamble stock and evaluate how it compares to Wall Street’s expectations.

Bearish Trends in PG Stock Ahead of Earnings Report

The stock exhibits a bearish trend, currently priced at $161.59, which is below its five, 20, and 50-day exponential moving averages.

Chart created using Benzinga Pro

Despite some buying pressure indicated by the eight-day simple moving average (SMA) at $160.26, the overall trend remains bearish. The 20-day SMA at $164.19, the 50-day SMA at $168.68, and the 200-day SMA at $167.60 are all positioned above the current stock price.

The MACD (moving average convergence/divergence) shows a negative value of 2.76, which supports the prevailing downward momentum. Additionally, the RSI (relative strength index) reads 38.61, indicating the stock is approaching oversold conditions, but has not yet reached that level.

Analysts Predict 4% Upside for Procter & Gamble

Ratings & Consensus Estimates: Procter & Gamble stock is currently rated as a Buy by analysts. The consensus price target stands at $175.42. Recent ratings from Barclays, Stifel, and UBS suggest an average price target of $168.33, reflecting a potential upside of 4.01% from the current price.

Current Pricing: At the time of publication, Procter & Gamble stock was trading at $161.63.

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