Procter & GambleIt is set to announce its fiscal second-quarter earnings on Wednesday before the bell.

Refinitiv surveyed Wall Street analysts and found that they are anticipating the following:

• Earnings per share: $1.65 expected
• Estimated revenue: $20.34 trillion

The consumer giant expects sales to rise by between 2% and 4% over the previous year, while core earnings per share will increase from 3% to 6. To help determine its fiscal 2022 financial results, the company also expects after-tax commodity prices of $2.1billion and freight costs of $200m.

Last quarter, the company raised its outlookP&G announced price increases for additional products and affixed a target for inflation. Investors will also be watching to see if the price hikes that P&G implemented to offset inflation have led cash-strapped consumers to trade down to private label alternatives.

P&G has stated that they plan to bring more innovation into the product line this year, so their prices don’t rise as much. Earlier in January, P&G introduced an upside-down bottle for its Dawn dish soap.

P&G has also been looking for growth through acquisitions, particularly in the beauty category. P&G bought Farmacy Beauty in November. In December, Ouai was purchased by the hair-care company. Tula Skincare was acquired in January.

Jon Moeller will be the new chief executive. This is also Jon’s first quarter. After six years as CEO, David Taylor, the former chief executive officer, resigned in November.

Shares of P&G have climbed 17% in the last 12 months, giving the company a market value of $379 billion.