Procter & Gamble (PG) closed the most recent trading day at $139.20, moving -0.35% from the previous trading session. This move lagged the S&P 500's daily gain of 0.82%.Heading into today, shares of the world's largest consumer products maker had gained 4.94% over the past month, outpacing the Consumer Staples sector's loss of 0.16% and the S&P 500's gain of 3.89% in that time.PG will be looking to display strength as it nears its next earnings release, which is expected to be July 30, 2021. In that report, analysts expect PG to post earnings of $1.10 per share. This would mark a year-over-year decline of 5.17%. Our most recent consensus estimate is calling for quarterly revenue of $18.29 billion, up 3.33% from the year-ago period.Investors might also notice recent changes to analyst estimates for PG. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.41% higher within the past month. PG is currently a Zacks Rank #3 (Hold).Looking at its valuation, PG is holding a Forward P/E ratio of 23.5. For comparison, its industry has an average Forward P/E of 23.5, which means PG is trading at a no noticeable deviation to the group.Also, we should mention that PG has a PEG ratio of 3.36. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Soap and Cleaning Materials industry currently had an average PEG ratio of 3.59 as of yesterday's close.The Soap and Cleaning Materials industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 250, putting it in the bottom 2% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Procter & Gamble Company The (PG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research