The Clorox Company First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component The Clorox Company (NYSE:CLX) will unveil its latest earnings on Wednesday, November 2, 2011. Clorox manufactures consumer products that are sold primarily through mass merchandisers, grocery stores, and other retail outlets.

The Clorox Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 92 cents per share, a decline of 14.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 98 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 92 cents during the last month. Analysts are projecting profit to rise by 1.9% versus last year to $4.08.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked net income of $1.29 per share versus a mean estimate of profit of $1.19 per share.

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Wall St. Revenue Expectations: On average, analysts predict $1.29 billion in revenue this quarter, a rise of 1.6% from the year ago quarter. Analysts are forecasting total revenue of $5.36 billion for the year, a rise of 2.5% from last year’s revenue of $5.23 billion.

Analyst Ratings: Analysts seem relatively indifferent about Clorox Company with 15 of 17 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 1.2% to $169 million ($1.25 a share) from $171 million ($1.20 a share) the year earlier, but exceeded analyst expectations. Revenue fell 2.3% to $1.48 billion from $1.52 billion.

Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 4.5% in the third quarter of the last fiscal year from the year earlier, dropped 7.8% in second quarter of the last fiscal year from the year-ago quarter and 7.7% in the first quarter of the last fiscal year.

The company has seen net income fall in each of the last three quarters. Net income fell 8.5% in the third quarter of the last fiscal year and 80.9% in the second quarter of the last fiscal year.

Competitors to Watch: Zep, Inc. (NYSE:ZEP), The Procter & Gamble Co. (NYSE:PG), Church & Dwight Co., Inc. (NYSE:CHD), Colgate-Palmolive (NYSE:CL), Kimberly-Clark (NYSE:KMB), Ocean Bio-Chem, Inc. (NASDAQ:OBCI), PURE Bioscience (NASDAQ:PURE).

Stock Price Performance: During August 31, 2011 to October 27, 2011, the stock price had fallen $1.67 (-2.4%) from $69.10 to $67.43. It saw one of its worst periods between July 27, 2011 and August 4, 2011 when shares fell for seven-straight days, falling 12% (-$8.73) over that span. The stock price saw one of its best stretches over the last year between May 3, 2011 and May 13, 2011 when shares rose for nine-straight days, rising 5.1% (+$3.41) over that span. Shares are up $6.23 (+10.2%) year to date.

(Source: Xignite Financials)

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