03:20 PM EST, 01/17/2025 (MT Newswires) -- Procter & Gamble's ( PG ) fiscal Q2 earnings may miss consensus estimates, UBS said Friday in a note, adding that a key issue is how the company will approach its full-year guidance taking into account recent headwinds.
For fiscal Q2, UBS analysts said they "believe the bar remains quite low in the wake of the company's commentary around the Blue Yonder disruption in early December," which refers to the supply chain management giant that was hit by a ransomware attack in late November. The analysts also said they believe "the base case is for [fiscal Q2 organic] growth to round down to 2%."
UBS is projecting fiscal Q2 earnings per share of $1.84, below analyst estimates of $1.88 and $1.86 in surveys undertaken by Visible Alpha and FactSet, respectively.
The company is scheduled to release its quarterly results before the opening bell on Jan. 22.
Regarding the company's fiscal year 2025 guidance, UBS analysts said they still "see the low-end as achievable," despite recent headwinds.
UBS has a buy rating on the stock and $189 price target.
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