Procter & Gamble (PG) stock rallied on Friday after the consumer goods company posted its Fiscal Q1 2026 earnings report. This report started with adjusted earnings per share of $1.99, which beat Wall Street’s estimate of $1.90. It also represented a 3% increase year-over-year from $1.93 per share.
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Procter & Gamble reported revenue of $22.4 billion, which was better than the analyst estimate of $22.18 billion. The company’s revenue grew 3% year-over-year from $21.7 billion. This growth came from a 6% increase in Beauty sales, a 5% increase in Grooming sales, a 2% increase in Healthcare sales, a 1% increase in Fabric & Home Care sales, and a 1% increase in Baby, Feminine & Family Care sales.
Procter & Gamble stock was up 2.59% in pre-market trading on Friday after it was flat yesterday. The stock has fallen 7.45% year-to-date and is also down 9.52% over the past 12 months.
Procter & Gamble Guidance
Procter & Gamble updated its guidance for Fiscal 2026 in its latest earnings report. The company still expects adjusted EPS to range from $6.83 to $7.09, with a midpoint estimate of $6.96. To put that in perspective, Wall Street’s EPS estimate for the period is $6.97.
Procter & Gamble noted that it expects Fiscal 2026 all-in sales growth to come in between 1% and 5% compared to the previous year, which is unchanged from its prior guidance. However, the company did change its commodity cost headwind to about $100 million. It cited higher costs from tariffs as the reason for this change.
Jon Moeller, Chairman, President, and CEO of Procter & Gamble, noted, “These results keep us on track to deliver within our guidance ranges on all key financial metrics for the fiscal year in a challenging consumer and geopolitical environment.”
Is Procter & Gamble Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Procter & Gamble is Moderate Buy, based on nine Buy and six Hold ratings over the past three months. With that comes an average PG stock price target of $169.43, representing a potential 11.31% upside for the shares. These ratings and price targets will likely change as analysts update their coverage after today’s earnings report.
