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PG at new all-time highs, earnings report around the corner

Published: October 16th, 2020 - 8.01pm EDT

Procter & Gamble presents Q3 quarter financial report on Tuesday next week and the market pushed the stock to all-time highs. Price barely changed a 0.39% closing at $144.39 and setting the new all-time highs at $145.87. These all-time highs arrive after hitting other 2 highs in the last 10 days

PG is presenting Q3 earnings report on Tuesday next week. Market forecasts earnings per-share of $1.41, compared to Q2 that was $1.16. Regarding to turn over, the projections are $0.00.

In case you are a shareholder of Procter & Gamble stock, don't forget to double check your stop-loss, as financial report release date often has higher than usual volatility. You can find more information about the earnings conference call and the earnings reports on the Investor Relations section of its website: http://www.pginvestor.com.

Today, Berenberg Bank rated PG with hold. The recommendations issued by financial analysts are not a buy or sell advice for small traders, so it is not wise to follow them blindly.

Procter & Gamble shares started an uptrend last March, and grew a gorgeous 55.04%. The price action shows higher highs and higher troughs, and along the way provided some entry points for those who wanted to enter. Latest low was on September 21, when price bounced at $134.70. On October 9, Procter & Gamble broke out above its last top ($141.70) offering a good buy point

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments; and antiperspirants and deodorants, personal cleansing, and skin care products under the Head & Shoulders, Herbal Essences, Pantene, Rejoice, Olay, Old Spice, Safeguard, SK-II, and Secret brands.. The stock belongs to the Household & Personal Products industry in the Consumer Defensive sector. Headquarters are based in Cincinnati, United States, and employs 99,000 people worldwide. Its corporate website is http://www.pginvestor.com.

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