The Clorox Company (NYSE:CLX) is projected to declare fiscal second quarter financial results right before the stock market’s official open on February 03, 2017. The stock added about 0.8 percent in price since last results when it was at $119.49 a share. Based on the most relevant past-periods data, there is an 51.85 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 14 times out of last 27 reported quarters. It has beaten earnings-per-share estimates 66% of the time in its last 12 earnings reports. It fell short of earnings estimates on 4 occasions, and it has met expectations 0 time.
Here’s how traders responded to CLX earnings announcements over the past few quarters.
The Clorox Company (CLX) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 3.2 percent over the past four quarters. Back on November 2, 2016, it posted earnings per-share earnings at $1.36 which missed the consensus $1.42 projection (negative surprise of-4.23%). For the quarter, revenue came in at 1.44B versus consensus estimate of 1.43B. The stock dropped -3.2 percent the session following the earnings reports were released, and on 7th day price change was -3.54 percent.
On August 3, 2016, it reported earnings at $1.26 a share compared with the consensus estimate of $1.28 per share (negative surprise of -1.56%). Revenue of 1.6B for that quarter was above the $1.58B analysts had expected. The stock climbed 0.99% the day following the earnings announcement, and on 7th day price change was 1.75%.
On May 3, 2016, it recorded $1.21 a share in earnings which topped the consensus estimate of $1.1 (positive surprise of 10%). Revenue for the quarter was $1.43B while analysts called for revenues to be $1.41B. The stock gained 1.95% the day following the earnings data was made public, and on 7th day price change was 3.72%.
On February 4, 2016, it announced earnings per share at $1.14 versus the consensus estimate of $1.05 per share (positive surprise of 8.57%). That came on revenues of $1.35B for that period. Analysts had expected $1.35B in revenue.
The Clorox Company Earnings Estimates
As Q2 earnings announcement date approaches, Wall Street is expecting earnings per share of $1.43. The analysts’ present consensus range is $1.39-$1.47 for EPS. The market consensus range for revenue is between $1.48B and $1.49B, with an average of $1.48B.
The Clorox Company (NYSE:CLX) last ended at $120.73, sending the company’s market cap near $15.54B. The consensus 12-month price target from analysts covering the stock is $121.55. The share price has declined -12.38% from its top level in 52 weeks and dropped 1.26% this year. It recently traded in a range of $119.57-$121 at a volume of 1035868 shares. The recent trading ended with the price nearly -0.61 lower for the last 5 trading days, rebounding 9.25% from its 52-week low.