Clorox Co reports results for the quarter ended in September 30 - Earnings Summary

The Clorox

31/10/2024 02:38

* Clorox Co  CLX.N  reported quarterly adjusted earnings of
$1.86​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 49 cents.  The mean expectation of seventeen analysts for the
quarter was for earnings of $1.39 per share. Wall Street
expected results to range from $1.28  to $1.57 per share.
    * Revenue rose 27.1% to $1.76 billion from a year ago;
analysts
expected $1.65 billion. 
    * Clorox Co's reported EPS for the quarter was 80 cents​.
    * The company reported quarterly net income of $99 million.
    * Clorox Co shares had fallen by 3.7% this quarter and
gained 10.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 12
"hold" and 6 "sell" or "strong sell." 
    * The average consensus recommendation for the household
products
peer group is also "hold"

Wall Street's median 12-month price target for Clorox Co is
$154.50 
This summary was machine generated from LSEG data October 31 at
02:38 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      1.39           1.86           Beat
 Jun. 30 2024      1.56           1.82           Beat
 Mar. 31 2024      1.37           1.71           Beat
 Dec. 31 2023      1.10           2.16           Beat