Procter & Gamble Co. (NYSE:PG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.59%.
Procter & Gamble Co. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 3.66% to $0.79 in the quarter versus EPS of $0.82 in the year-earlier quarter.
Revenue: Rose 2.19% to $20.66 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Procter & Gamble Co. reported adjusted EPS income of $0.79 per share. By that measure, the company beat the mean analyst estimate of $0.77. It beat the average revenue estimate of $20.55 billion.
Quoting Management: “The Company met its objectives for the fourth quarter and fiscal year, and we will build on these results in fiscal 2014,” said Chairman, President and Chief Executive Officer, A.G. Lafley. “With an overriding focus on value creation, we will strengthen and accelerate productivity plans. We will continue to make choiceful investments in core brands, our biggest innovation opportunities, and in our core developed and most promising developing markets. In all we do, we will stay focused on winning with consumers, customers and shareholders.”
Key Stats (on next page)…
Revenue increased 0.28% from $20.6 billion in the previous quarter. EPS decreased 20.2% from $0.99 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $1.12 and has not changed. For the current year, the average estimate is a profit of $4.04, which is the same with that ninety days ago.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)