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Colgate-Palmolive (CL) To Report Earnings Tomorrow: Here Is What To Expect

CL Cover Image

Consumer products company Colgate-Palmolive (NYSE: CL) will be reporting results this Friday before market hours. Here’s what investors should know.

Colgate-Palmolive met analysts’ revenue expectations last quarter, reporting revenues of $5.13 billion, up 1.9% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but a miss of analysts’ gross margin estimates.

Is Colgate-Palmolive a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Colgate-Palmolive’s revenue to grow 4% year on year to $5.14 billion, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.91 per share.

Colgate-Palmolive Total Revenue

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 missed Wall Street’s revenue estimates twice over the last two years.

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 1.5%, meeting analysts’ expectations, and Kimberly-Clark reported flat revenue, in line with consensus estimates. Procter & Gamble traded up 2.8% following the results while Kimberly-Clark was down 1.5%.

Read our full analysis of Procter & Gamble’s results here and Kimberly-Clark’s results here.

There has been positive sentiment among investors in the household products segment, with share prices up 5.2% on average over the last month. Colgate-Palmolive is up 6.9% during the same time and is heading into earnings with an average analyst price target of $88.89 (compared to the current share price of $84.89).

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