RPT-BUZZ-PREVIEW: Procter & Gamble earnings to focus on sales, potential Mexico tariffs

Repeats Tuesday's BUZZ with no changes to text

** Procter & Gamble shares PG.N inch higher to $161.79 amid a broader uptick in the stock market on Tuesday ahead of its qtrly earnings report due before the bell on Wednesday

** Consumer products co expected to report Q2 adj EPS of $1.86, up 0.9% year-on-year, on rev of $21.54 bln vs. $21.44 bln in the year-ago qtr, according to LSEG data

** P&G's EPS has beaten or met analyst estimates in all of the last 8 quarters, while rev has fallen short expectations in three most recent qtrs, per LSEG

** About 10% of co's third-quarter shipments were from Mexico, making PG's vulnerable to President Trump's threatened tariffs on imports from the country, according to a Nov. 7 Reuters exclusive

** On Oct 18 P&G reported a drop in sales for the second qtr in a row as consumers shied away from brand name products to cheaper alternatives amid economic uncertainty

** Of 29 analysts covering PG, 18 rate the stock "buy" or stronger; remaining 11 recommend "hold"; median PT of $182 down 2.2% from a month ago; LSEG

** PG options imply a 3.4% swing for the shares, in either direction, by Fri; that compares with a 2.6% avg move for the shares on the day of results, over the last eight qtrs, according to Trade Alert

** PG shares down ~4% YTD, versus Dow's .DJI, 3.2% advance and S&P 500 consumer staples' .SPLRCS 0.7% over same time period

(Reporting by Stephen Culp; Additional reporting by Saqib Ahmed)

((stephen.culp@thomsonreuters.com; 646-223-6076;))