Procter & Gamble Company (PG) - Get Report is expected to report earnings of $1.21 a share on sales of $17.2 billion before the market opens on Jan. 23, based on a FactSet survey of 20 analysts.

In the same period a year ago the company posted earnings of $1.19 a share on sales of $17.4 billion.

The stock has risen 4.7% since the company last reported earnings on Oct. 19.

Quarterly estimates have risen less than 1 cent a share in the past month.

Procter & Gamble is currently trading at a price-to-forward-earnings ratio of 19.5 based on the 12-month estimates of 25 analysts surveyed by FactSet.

Fellow household goods maker Kimberly-Clark Corporation (KMB) - Get Report  is also reporting results Wednesday morning.

It is expected to report earnings of $1.65 a share on sales of $4.5 billion on Jan. 23, based on a FactSet survey of 15 analysts.

In the same period a year ago the company posted earnings of $1.57 a share on sales of $4.6 billion. The stock has risen 9.8% since the company last reported earnings on Oct. 22.