Book Online or Call 1-855-SAUSALITO

Sign In  |  Register  |  About Sausalito  |  Contact Us

Sausalito, CA
September 01, 2020 1:41pm
7-Day Forecast | Traffic
  • Search Hotels in Sausalito

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Clorox (CLX) To Report Earnings Tomorrow: Here Is What To Expect

CLX Cover Image

Consumer products giant Clorox (NYSE:CLX) will be reporting results tomorrow after the bell. Here’s what you need to know.

Clorox missed analysts’ revenue expectations by 2.4% last quarter, reporting revenues of $1.90 billion, down 5.7% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ organic revenue growth and EBITDA estimates.

Is Clorox a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Clorox’s revenue to grow 18.1% year on year to $1.64 billion, a reversal from the 20.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.39 per share.

Clorox Total Revenue

Heading into earnings, analysts covering the company have grown increasingly bullish with revenue estimates seeing 4 upward revisions over the last 30 days (we track 12 analysts). Clorox has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Clorox’s peers in the household products segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Colgate-Palmolive delivered year-on-year revenue growth of 2.4%, meeting analysts’ expectations, and Procter & Gamble reported flat revenue, falling short of estimates by 1.1%. Colgate-Palmolive traded down 4% following the results while Procter & Gamble was also down 1.6%.

Read our full analysis of Colgate-Palmolive’s results here and Procter & Gamble’s results here.

Investors in the household products segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. Clorox is down 3.3% during the same time and is heading into earnings with an average analyst price target of $157.11 (compared to the current share price of $157.60).

Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefitting from the rise of AI, available to you FREE via this link.

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Photos copyright by Jay Graham Photographer
Copyright © 2010-2020 Sausalito.com & California Media Partners, LLC. All rights reserved.