5 Stocks to Buy Before Their Earnings Reports

2. The Procter & Gamble Company (NYSE:PG)

Number of Hedge Fund Holders: 72

Earnings Announcement Date: July 29 

The Procter & Gamble Company (NYSE:PG) is a Cincinnati, Ohio-based household goods company.

CEO Jon Moeller thinks that during uncertain times, The Procter & Gamble Company (NYSE:PG) needs to make investors believe that it can continue to deliver solid value. The Procter & Gamble Company (NYSE:PG) will report its Q4 FY22 results on July 29 and is expected to remain conservative with FY23 guidance. Analysts have already accommodated this into their financial models, bringing The Procter & Gamble Company (NYSE:PG) in a position to report better-than-expected guidance for FY23. In the last four quarters, The Procter & Gamble Company (NYSE:PG) has consistently surpassed the EPS estimates. The company’s Q3 FY22 EPS outperformed the consensus forecast by 2.88%.

Of the 912 hedge funds in Insider Monkey’s database, 72 funds held a stake in The Procter & Gamble Company (NYSE:PG) as of Q1 2022, up from 67 in the previous quarter.