A Preview Of Clorox's Q3 Earnings

Clorox CLX releases its next round of earnings Wednesday. Get the latest predictions in Benzinga's essential guide to the company's Q3 earnings report.

Earnings and Revenue

Analysts expect Clorox earnings of $1.31. Revenue will likely be around $1.51 billion, according to the consensus estimate.

Clorox reported a profit of $1.31 when it published results during the same quarter last year. Sales in that period totaled $1.47 billion. Revenue would be have grown 2.23 percent from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

 

Quarter Q2 2018 Q1 2018 Q4 2017 Q3 2017
EPS Estimate 1.23 1.41 1.49 1.3
EPS Actual 1.16 1.46 1.53 1.31

 

Stock Performance

Over the last 52-week period, shares are down 12.33 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Analysts have not modified their estimates for EPS and revenues over the past 90 days. The most common rating from analysts on Clorox stock is a Sell. The strength of this rating has maintained conviction over the past three months.

Conference Call

Don't be surprised to see the stock move on comments made during its conference call. Clorox's Q3 conference call is scheduled to begin at 4:30 p.m. ET and can be accessed here: https://services.choruscall.com/links/clx180502.html

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Posted In: EarningsNewsPreviewsTrading IdeasEarnings Previews
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