The Clorox Company (NYSE:CLX) is set to announce first quarter earning results on Monday 2nd November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, CLX to report 1Q21 income of $ 2.32 per share.
For the full year, analysts anticipate top line of $ 6934.48 million, while looking forward to income of $ 7.69 per share bottom line.
Previous Quarter Performance
The Clorox Company came out with income for the fourth quarter of $ 2.41 per share, from the revenue of $ 1,983.00 million. The quarterly earnings 28.19 percent while revenues up 21.88 percent compared with the same quarter last year.
According to street consensus, CLX was expected to report 4Q20 income of $ 1.99 per share from revenue of $ 1873.95 million. The bottom line results beat street analysts by $ 0.42 or 21.11 percent, at the same time, top line results outshined analysts by $ 109.05 million or 5.82 percent.
Stock Performance
On Friday, shares of The Clorox Company has traded high as $ 211.54 and has cracked $ 204.88 on the downward trend, reaching $ 207.25 with volume of 2.25 million shares.
According to the previous trading day, closing price of $ 207.25, representing a 44.64 % increase from the 52 week low of $ 144.31 and a 12.98 % decrease over the 52 week high of $ 239.87.
The company has a market capital of $ 26.12 billion and is part of the Consumer Defensive sector and Household & Personal Products industry.
Recent Analyst recommendations
- On 16th October 2020, downgraded by JPMorgan Chase & Co. to Neutral from Overweight rating
- On 30th September 2020, maintained by DA Davidson at Buy rating, with $ 263.00 target price.
Conference Call
The Clorox Company will be hosting a conference call at 1:30 PM eastern time on 2nd November 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.thecloroxcompany.com
The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Cleaning, Household, Lifestyle, and International. The company offers laundry additives, including bleach products under the Clorox brand, as well as Clorox 2 stain fighter and color booster; home care products primarily under the Clorox, Formula 409, Liquid-Plumr, Pine-Sol, S.O.S, and Tilex brands; naturally derived products under the Green Works brand; and professional cleaning, disinfecting, and food service products under the Clorox, Dispatch, HealthLink, Clorox Healthcare, Hidden Valley, KC Masterpiece, and Soy Vay brands.
