Procter & Gamble Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Procter & Gamble (NYSE:PG) Third Quarter 2024 Results
Key Financial Results
Revenue: US$20.2b (flat on 3Q 2023).
Net income: US$3.75b (up 13% from 3Q 2023).
Profit margin: 19% (up from 17% in 3Q 2023).
EPS: US$1.56 (up from US$1.41 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Procter & Gamble EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 7.8%.
Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Household Products industry in the US.
Performance of the American Household Products industry.
The company's shares are up 1.8% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Procter & Gamble, and understanding them should be part of your investment process.
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