Household products company Kimberly-Clark (NYSE:KMB) will be announcing earnings results tomorrow before market hours. Here’s what investors should know.
Kimberly-Clark beat analysts’ revenue expectations by 1.6% last quarter, reporting revenues of $4.93 billion, flat year on year. It was a mixed quarter for the company, with a decent beat of analysts’ EBITDA estimates but a slight miss of analysts’ gross margin estimates.
Is Kimberly-Clark a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Kimberly-Clark’s revenue to decline 5% year on year to $4.89 billion, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $1.89 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. Kimberly-Clark has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Kimberly-Clark’s peers in the consumer staples segment, some have already reported their Q1 results, giving us a hint as to what we can expect. WD-40 delivered year-on-year revenue growth of 5%, missing analysts’ expectations by 5.4%, and Lamb Weston reported revenues up 4.3%, topping estimates by 2.4%. WD-40 traded down 8.7% following the results while Lamb Weston was up 9.1%.
Read our full analysis of WD-40’s results here and Lamb Weston’s results here.
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