Procter & Gamble Analysts Lower Their Forecasts Following Q3 Results

Procter & Gamble Company PG reported mixed results for the third quarter on Thursday.

The company reported a third-quarter sales decline of 2.1% year over year to $19.78 billion, missing the analyst consensus estimate of $20.11 billion. Adjusted EPS of $1.54 beat the consensus estimate of $1.53.

“We’re making appropriate adjustments to our near-term outlook to reflect underlying market conditions while remaining confident in the longer-term growth prospects for our brands and the markets where we compete,” said Board Chairman, President, and CEO Jon Moeller. “Our first-half results keep us on track to deliver within our guidance ranges on all key financial metrics for the fiscal year.”

P&G expects all-in sales for fiscal 2025 to be approximately in line with the prior year and organic sales growth of 2%. P&G lowered the adjusted EPS outlook from $6.91 – $7.05 to $6.72 – $6.82 versus the $6.87 estimate.

Procter & Gamble shares fell 0.4% to trade at $158.90 on Friday.

These analysts made changes to their price targets on Procter & Gamble following earnings announcement.

• B of A Securities analyst Olivia Tong maintained Procter & Gamble with a Buy rating and lowered the price target from $190 to $180.
• Citigroup analyst Filippo Falorni maintained the stock with a Buy rating and cut the price target from $200 to $181.

Considering buying PG stock? Here’s what analysts think:

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