Procter & Gamble
The 10-second takeaway
For the quarter ended June 30 (Q4), Procter & Gamble met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share increased significantly.
Gross margins dropped, operating margins dropped, and net margins improved.
Procter & Gamble reported revenue of $20.21 billion. The 18 analysts polled by S&P Capital IQ wanted to see sales of $20.27 billion on the same basis. GAAP reported sales were 3.1% lower than the prior-year quarter's $20.86 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.82. The 22 earnings estimates compiled by S&P Capital IQ anticipated $0.77 per share. GAAP EPS of $1.24 for Q4 were 48% higher than the prior-year quarter's $0.84 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 48.1%, 20 basis points worse than the prior-year quarter. Operating margin was 15.2%, 50 basis points worse than the prior-year quarter. Net margin was 18.0%, 600 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $21.24 billion. On the bottom line, the average EPS estimate is $1.01.
Next year's average estimate for revenue is $84.28 billion. The average EPS estimate is $3.90.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 7,456 members rating the stock outperform and 246 members rating it underperform. Among 1,924 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,886 give Procter & Gamble a green thumbs-up, and 38 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Procter & Gamble is outperform, with an average price target of $67.10.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend The Procter & Gamble Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.