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Procter & Gamble Analysts Raise Their Forecasts Following Strong Q3 Earnings

Benzinga·04/27/2026 14:34:29
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Procter & Gamble Co (NYSE:PG) reported better-than-expected third-quarter financial results.

Procter & Gamble reported quarterly earnings of $1.59 per share which beat the analyst consensus estimate of $1.56 per share. The company reported quarterly sales of $21.235 billion which beat the analyst consensus estimate of $20.516 billion.

"We delivered a solid acceleration in top-line results in our fiscal third quarter, with broad-based growth across product categories and regions," said Chief Executive Officer Shailesh Jejurikar.

Procter & Gamble affirmed 2026 adjusted EPS guidance of $6.83 to $7.09, versus the $6.95 analyst estimate. The firm also reiterated its 2026 sales outlook of $85.127 billion to $88.498 billion, versus the $86.563 billion estimate.

Procter & Gamble shares rose 0.5% to trade at $148.79 on Monday.

These analysts made changes to their price targets on Procter & Gamble following earnings announcement.

  • Evercore ISI Group analyst Robert Ottenstein maintained Procter & Gamble with an In-Line rating and lowered the price target from $170 to $162.
  • Wells Fargo analyst Chris Carey maintained the stock with an Overweight rating and raised the price target from $158 to $164.

Considering buying PG stock? Here’s what analysts think:

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