Earnings Report Highlights for Tuesday, July 30
Procter & Gamble (PG)
Earnings Announcement: Scheduled ahead of the market open.
Analyst Expectations:
Earnings per Share (EPS): $1.37 (unchanged year-over-year)
Revenue: $20.8 billion (up 1% year-over-year)
Analyst Downgrade:
Jefferies analyst Kaumil Gajrawala downgraded PG from Buy to Hold.
Reasons: Weakening U.S. consumption, limited potential for further price increases, weak beauty sales trends in China.