Procter & Gamble is expected to report fiscal first-quarter earnings before the bell on Tuesday.
Here is what Wall Street expects, based on a survey of analysts by Refinitiv:
- Earnings per share: $1.24, expected
- Revenue: $17.42 billion, expected
The consumer giant has been enjoying strong sales, driven by innovation, marketing and a simplified organizational structure that has helped improve its speed to market. Notably, it has been able to push sales volumes higher, while still raising prices.
Last quarter, the maker of Tide detergent and Pampers diapers grew organic sales by 7%.
CEO David Taylor said the company has been improving its market share for eight consecutive quarters.
Still, Wall Street will likely want reassurance that the U.S. consumer is still upbeat, amid continued trade tensions with China. Taylor told CNBC in July the U.S. consumer "remains strong" despite global economic growth fears and the trade war.
Wall Street will also expect an update on P&G's Gillette shaving business, which has been hurt by currency devaluations and new competition, like Harry's and Unilever's Dollar Shave Club. P&G last quarter wrote down the value of the Gillette brand by $8 billion.
As of Monday's close, P&G shares are up nearly 30% year-to-date, boosting its market value to $298 billion.