Colgate-Palmolive CL releases its next round of earnings this Friday, July 31. Here's Benzinga's essential guide to Colgate-Palmolive's Q2 earnings report.
Earnings and Revenue
Wall Street expects EPS of $0.69 and sales around $3.78 billion. In the same quarter last year, Colgate-Palmolive reported earnings per share of $0.720 on sales of $3.87 billion. The analyst consensus estimate would represent a 4.17% decline in the company's EPS figure. Sales would be down 7.58% from the year-ago period. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:
| Quarter | Q1 2020 | Q4 2020 | Q3 2019 | Q2 2019 |
|---|---|---|---|---|
| EPS Estimate | 0.74 | 0.72 | 0.70 | 0.72 |
| EPS Actual | 0.75 | 0.73 | 0.71 | 0.72 |
| Revenue Estimate | 4.09 B | 3.93 B | 3.94 B | 3.87 B |
| Revenue Actual | 4.10 B | 4.01 B | 3.93 B | 3.87 B |
Stock Performance
For a full 12 months, the return has risen by 8.26%. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Don't be surprised to see the stock move on comments made during its conference call. Colgate-Palmolive is scheduled to hold the call at 08:30:00 ET and can be accessed here: https://investor.colgatepalmolive.com/events-and-presentations
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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