Procter & Gamble Company (NYSE:PG) could give investors a look at economic health when the consumer staples giant reports third-quarter financial (Q3) results on Friday.
Here are the earnings estimates, analyst ratings and key items to watch.
Procter & Gamble Q3 Earnings Estimates
Analysts expect Procter & Gamble to report Q3 revenue of $20.53 billion. That’s up from $19.78 billion in last year's Q3, according to data from Benzinga Pro.
The company beat analyst estimates for revenue in five of the last 10 quarters. It missed estimates in the most recently reported second quarter.
Analysts expect Procter & Gamble to report Q3 earnings per share of $1.56, up from $1.54 year-over-year.
The company has beaten analyst estimates for earnings per share in 12 straight quarters.
Procter & Gamble Analyst Ratings
Here are some of the latest analyst ratings on Procter & Gamble stock ahead of earnings:
- JPMorgan: Maintained Overweight rating, lowered price target from $165 to $162
- Barclays: Maintained Equal-Weight rating, lowered price target from $155 to $146
- Bank of America Securities: Maintained Buy rating, lowered price target from $171 to $167
- Wells Fargo: Maintained Overweight rating, lowered price target from $177 to $158
- Piper Sandler: Maintained Neutral rating, lowered price target from $150 to $142
Key Items to Watch in Q3 Report
Procter & Gamble's Q3 disclosure comes after the mixed results in Q2 and its fiscal 2026 guidance. Analysts and investors will be looking to see if guidance is cut once again, maintained or raised.
Organic revenue growth or losses will be the key as this is based on the brands the company has owned. Key products and sectors could provide a gauge of the economy, as brand-name products in health care, consumer goods, and beauty can be among the items consumers trade down to off-brand products.
Retail giants like Target, Walmart and others have increased their focus on their own private label products, which could hurt market share of companies like Procter & Gamble.
The report could show market share losses and could also show that consumers are switching to lower cost items from their local retailer.
Procter & Gamble could also provide commentary into M&A and whether it will be active in acquiring new growth brands to offset any weakness.
The earnings report could put several ETFs in the spotlight and put the entire consumer staples sector on watch.
In the iShares U.S. Consumer Staples ETF (NYSE:IYK), PG is the top holding at 13.65% of assets. In the SPDR Select Consumer Staples ETF (NYSE:XLP), PG is the third-highest-weighted holding at 7.17% of assets.
Procter & Gamble is also a component of the Dow Jones Industrial Average. In the SPDR Dow Jones Industrial Average ETF (NYSE:DIA), PG is the 23rd-largest weight at 1.78% of assets.
The earnings report could put these ETFs on watch along with the consumer goods and retail sectors and also show investors consumer trends at stores.
Price Action
Procter & Gamble stock is up 1.7% to $145.30 on Thursday versus a 52-week trading range of $137.62 to $170.99. The company’s shares are up 2.5% year-to-date in 2026, but remain down around 12% over the last 52 weeks.
Image via Shutterstock/ Jonathan Weiss
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