Procter & Gamble Reports Q1 Earnings Beat, But Analysts Highlight Ongoing Concerns Over China Impact
On Friday, Procter & Gamble Co (NYSE: PG) reported mixed results for its fiscal first quarter.
The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.
DA Davidson On Procter & Gamble
Analyst Linda Bolton Weiser maintained a Neutral rating and raised the price target from $159 to $160.
Procter & Gamble reported quarterly sales of $21.737 billion, down 6% and below consensus of $21.977 billion, Bolton Weiser said in a note. Earnings came in at $1.93 per share, beating the consensus of $1.90 per share, backed by a lower tax rate and higher non-operating income versus expectations, she added.
Management maintained their sales and earnings guidance, the analyst stated. “PG believes organic sales growth should improve in F2H25 due to more innovation and annualizing the negative impacts (China, SK-II, Middle East) that started in …
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