Procter & Gamble (PG) Q4 2020 earnings

Procter & Gamble is expected to report its fiscal fourth-quarter results before the bell Thursday.

Here’s what Wall Street is expecting, based on a survey of analysts from Refinitiv:

• Earnings per share: $1.01 expected
• Revenue: $16.97 billion expected

Last quarter, the consumer packaged goods giant saw its sales soar 10{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} as shoppers stocked up on its cleaning products and Charmin toilet paper. Investors will be watching to see if P&G’s sales continue to benefit from more consumers staying at home, even as global lockdowns ease.

P&G forecast that adjusted earnings per share, which excludes some items, will be up 8{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} to 11{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} for the fiscal year. It’s expecting fiscal 2020 sales growth of 3{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} to 4{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}. 

P&G executives say that the company is better prepared to enter a recession than in 2008. According to the National Bureau of Economic Research, the U.S. entered a recession in February. And even as other companies are slashing or suspending their dividends, P&G announced in April that it raised its quarterly dividend by 6{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}.

Shares of the company, which has a market value of $318 billion, have risen 3{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} so far this year.

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