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Investing.com - Procter & Gamble (NYSE:PG) stock rose approximately 1% after the consumer goods giant reported fiscal fourth-quarter earnings that exceeded analyst expectations.
UBS reiterated its Buy rating on Procter & Gamble shares with a price target of $176.00 following the company’s earnings report. The consumer staples company posted earnings per share of $1.99, approximately 5% above consensus estimates, driven by stronger profitability and organic growth.
The positive market reaction came as fiscal first-quarter results surpassed cautious expectations, with many investors now believing the company could achieve the higher end of its 0-4% earnings per share growth range for the year.
Global market growth remains challenged at approximately 2%, compared to the customary 3-4% rate, leading many investors to view more meaningful improvement in the fiscal second half as a "show-me story" despite easier year-over-year comparisons ahead.
UBS noted that Procter & Gamble "continues to have greater earnings flexibility than most," and with the company’s premium to large-cap multinational consumer peers largely in line with two-year averages, the investment bank believes PG shares can outperform in the current dynamic environment.
In other recent news, Procter & Gamble Company (P&G) reported its first-quarter fiscal 2026 earnings, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $1.99, exceeding the forecasted $1.90. Additionally, P&G’s revenue reached $22.4 billion, which was higher than the anticipated $22.18 billion. These results highlight the company’s strong performance in the recent quarter. The earnings announcement was followed by a 2.09% rise in P&G’s stock during pre-market trading, indicating investor optimism. The positive earnings report reflects well on the company’s financial health and operational efficiency. P&G’s ability to exceed both earnings and revenue estimates suggests robust demand for its products. These developments are crucial for investors keeping a close watch on the company’s financial trajectory.
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