Procter & Gamble (NYSE:PG) is expected to report Q2 earnings before the open on Friday, January 27, with a conference call scheduled for 8:30 am ET. Analysts are looking for a profit of $1.08 on revenue of $22.19B. The consensus range is $1.03-$1.11 for EPS, and revenue of $21.71B-$22.63B, according to First Call.

On its last call, the company said it sees Oct-Dec “core” EPS of $1.05-$1.11 and “all-in” EPS of $1.00-$1.11. It also provided an update on its exit of the snacks business and investors will be listening for more about that, as well as information about the stalled sale of its Pringles brand to Diamond Foods.

During the past month, Morgan Stanley, Buckingham, and Stifel Nicolaus have all downgraded the stock to the equivalent of Hold ratings, with Morgan specifically noting valuation and high Street expectations.

Competitors to Watch: Church & Dwight Co., Inc. (NYSE:CHD), Colgate-Palmolive Company (NYSE:CL), The Clorox Company (NYSE:CLX), Kimberly-Clark Corporation (NYSE:KMB), Johnson & Johnson (NYSE:JNJ), Teva Pharmaceutical Industries Ltd (NASDAQ:TEVA), CCA Industries, Inc. (AMEX:CAW), and Zep, Inc. (NYSE:ZEP).

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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