S&P 500 (NYSE:SPY) component Colgate-Palmolive Company (NYSE:CL) will unveil its latest earnings on Thursday, July 28, 2011. Colgate Palmolive Company manufactures and markets a number of oral, personal, home care and pet nutrition products for customers around the world. Clorox Should Be Scared: Here’s Carl Icahn’s 7 Worst Investments>>
Colgate-Palmolive Company Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.26 per share, a rise of 7.7% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged and it has not changed during the last month. For the year, analysts are projecting net income of $5.08 per share, a rise of 5% from last year.
Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the first quarter, the company reported profit of $1.16 per share versus a mean estimate of net income of $1.16 per share. In the fourth quarter of the last fiscal year, the company beat estimates by one cent.
Wall St. Revenue Expectations: On average, analysts predict $4.17 billion in revenue this quarter, a rise of 9.4% from the year ago quarter. Analysts are forecasting total revenue of $16.88 billion for the year, a rise of 8.5% from last year’s revenue of $15.56 billion.
Analyst Ratings: Analysts seem relatively indifferent about Colgate-Palmolive Company with 18 of 24 analysts surveyed maintaining a hold rating.
A year-over-year revenue increase in the first quarter snaps a streak of two consecutive quarters of revenue declines. Revenue rose 4.3% in the first quarter and fell 2.5% in the fourth quarter of the last fiscal year and 1.4% in the third quarter of the last fiscal year.
The company has now been profitable for the last eight quarters, and for the last four, profit has risen year over year by an average of 18.1%. The quarter with the biggest boost was the most recent quarter, which saw a 61.3% surge.
Competitors to Watch: The Procter & Gamble Co. (NYSE:PG), Church & Dwight Co., Inc. (NYSE:CHD), The Clorox Company (NYSE:CLX), CCA Industries, Inc. (AMEX:CAW), Unilever plc (NYSE:UL), Avon Products, Inc. (NYSE:AVP), Kimberly-Clark Corporation (NYSE:KMB), PC Group, Inc. (PCGR), and Alberto-Culver Company (NYSE:ACV).
Stock Price Performance: During April 27, 2011 to July 22, 2011, the stock price had risen $7.09 (8.8%) from $80.53 to $87.62. The stock price saw one of its best stretches over the last year between April 25, 2011 and May 4, 2011 when shares rose for eight-straight days, rising 7.2% (+$5.71) over that span. It saw one of its worst periods between September 27, 2010 and October 7, 2010 when shares fell for nine-straight days, falling 6.6% (-$5.04) over that span. Shares are up $8.88 (+11.3%) year to date.
(Source: Xignite Financials)