Stock Story -
Household products company Church & Dwight (NYSE:CHD) will be announcing earnings results tomorrow before the bell. Here's what to look for.
Church & Dwight met analysts' revenue expectations last quarter, reporting revenues of $1.50 billion, up 5.1% year on year. It was a solid quarter for the company, with an impressive beat of analysts' organic revenue growth estimates and a decent beat of analysts' gross margin estimates.
Is Church & Dwight a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting Church & Dwight's revenue to grow 3.9% year on year to $1.51 billion, slowing from the 9.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.84 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Church & Dwight has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 1.7% on average.
Looking at Church & Dwight's peers in the household products segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Colgate-Palmolive (NYSE:CL) delivered year-on-year revenue growth of 4.9%, beating analysts' expectations by 1.1%, and WD-40 reported revenues up 9.4%, topping estimates by 6.3%. Colgate-Palmolive traded up 4.5% following the results while WD-40 was also up 4%.
Read the full analysis of Colgate-Palmolive's and WD-40's results on StockStory.
There has been positive sentiment among investors in the household products segment, with share prices up 4.1% on average over the last month. Church & Dwight is down 7.1% during the same time and is heading into earnings with an average analyst price target of $106.6 (compared to the current share price of $98.01).
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