Top Gainers: 5 Stocks to Watch on Wednesday

4. The Procter & Gamble Company (NYSE:PG) is 2.74% in the green as of 12:02 PM ET after the Cincinnati, Ohio-based multinational reported better than expected revenue and EPS results for Q1 2022. The manufacturer of healthcare, household, and hygiene products reported an EPS of $1.33, beating the analysts’ forecast of $1.29. Meanwhile, revenue increased by 7.1% YoY to $19.4 billion and outperformed the consensus estimate of $18.69 billion.

Furthermore, The Procter & Gamble Company (NYSE:PG) also raised its full-year 2022 sales growth guidance from 3% – 4% to a range of 4% – 5%. Meanwhile, the analysts’ consensus stands at 4.2%. The Procter & Gamble Company (NYSE:PG) also reiterated its full-year EPS growth of 3% to 6%, compared to the analysts’ estimates of 3.5%.

Of the 924 hedge funds in Insider Monkey’s database, The Procter & Gamble Company (NYSE:PG) was held by 67 hedge funds as of Q4 2021.