The Clorox Company Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component The Clorox Company (NYSE:CLX) will unveil its latest earnings on Wednesday, August 3, 2011. Clorox Company 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 $1.19 per share, a decline of 2.5% 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 $1.24. Between one and three months ago, the average estimate moved down, but it has been unchanged at $1.19 during the last month. For the year, analysts are projecting net income of $3.89 per share, a decline of 10.4% from last year.

Past Earnings Performance: The company has beaten estimates the last two quarters and is coming off a quarter where it topped the forecasts by one cent, reporting profit of $1.05 per share against a mean estimate of net income of $1.04. In the second quarter, the company exceeded forecasts by 6 cents with profit of 68 cents versus a mean estimate of net income of 62 cents.

Get more Earnings Cheat Sheets with our in depth coverage of earnings season >>

Wall St. Revenue Expectations: On average, analysts predict $1.47 billion in revenue this quarter, a decline of 3.3% from the year ago quarter. Analysts are forecasting total revenue of $5.22 billion for the year, a decline of 5.6% from last year’s revenue of $5.53 billion.

Analyst Ratings: Analysts seem relatively indifferent about Clorox Company with 15 of 18 analysts surveyed maintaining a hold rating.

Key Stats:

The company has now seen net income fall in each of the last two quarters. In the third quarter, net income fell 8.5% from the year earlier quarter, while the figure dropped 80.9% in the second quarter.

Revenue has fallen for the past three quarters. In third quarter, revenue declined 4.5% to $1.3 billion while the figure fell 7.8% in second quarter from the year earlier and 7.7% in the first quarter.

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

Stock Price Performance: During June 29, 2011 to July 28, 2011, the stock price had risen $5.83 (8.7%) from $66.86 to $72.69. It saw one of its worst periods between June 20, 2011 and June 27, 2011 when shares fell for six-straight days, falling 2.4% (-$1.59) 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% (+$3.44) over that span. Shares are up $10.95 (+17.7%) year to date.

(Source: Xignite Financials)

Get more Earnings Cheat Sheets with our in depth coverage of earnings season >>