Procter & Gamble Likely To Report Higher Q1 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

The Procter & Gamble Company PG is expected to release financial results for its first quarter, before the opening bell on Oct. 18, 2023.

Analysts expect the company to post quarterly earnings at $1.63 per share, up from year-ago earnings of $1.57 per share. The company’s revenue might come in at $20.51 billion, compared to $20.33 billion in the year-ago period.

Procter & Gamble shares gained 0.1% to close at $146.26 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Stifel analyst Mark Astrachan maintained a Hold rating and cut the price target from $161 to $151 on Oct. 16, 2023. This analyst has an accuracy rate of 82%.
• Barclays analyst Lauren Lieberman maintained an Overweight rating and lowered the price target from $166 to $154 on Oct. 12, 2023. This analyst has an accuracy rate of 60%.
• Bernstein analyst Callum Elliott maintained a Market Perform rating and cut the price target from $162 to $153 on Oct. 12, 2023. This analyst has an accuracy rate of 60%.
• Morgan Stanley analyst Dara Mohsenian reiterated an Overweight rating with a price target of $174 on Aug. 1, 2023. This analyst has an accuracy rate of 70%.
• B of A Securities analyst Olivia Tong maintained a Buy rating and raised the price target from $170 to $175 on Aug. 1, 2023. This analyst has an accuracy rate of 66%.

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