Consumer products company Colgate-Palmolive (NYSE:CL) will be reporting results tomorrow before market open. Here’s what investors should know.
Colgate-Palmolive met analysts’ revenue expectations last quarter, reporting revenues of $5.03 billion, up 2.4% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ organic revenue estimates but a slight miss of analysts’ EBITDA estimates.
Is Colgate-Palmolive a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Colgate-Palmolive’s revenue to be flat year on year at $4.98 billion, slowing from the 6.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.89 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Colgate-Palmolive has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 1.7% on average.
Looking at Colgate-Palmolive’s peers in the household products segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Procter & Gamble delivered year-on-year revenue growth of 2.1%, beating analysts’ expectations by 1.3%, and WD-40 reported revenues up 9.3%, topping estimates by 4.1%. Procter & Gamble traded up 2.8% following the results while WD-40 was down 5.8%.
Read our full analysis of Procter & Gamble’s results here and WD-40’s results here.
Stocks generally had a good 2024. The Fed fought high inflation and won without sending the economy into a recession, otherwise lovingly known as a soft landing. The US Central Band is now cutting rates. That, plus the election of Donald Trump in November 2024, sent markets even higher, and while some of the household products stocks have shown solid performance, the group has generally underpeformed, with share prices down 2.9% on average over the last month. Colgate-Palmolive is down 1% during the same time and is heading into earnings with an average analyst price target of $100.87 (compared to the current share price of $89.57).
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 benefiting from the rise of AI, available to you FREE via this link.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.