The 10-second takeaway
For the quarter ended Sep. 30 (Q1), Clorox met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share grew.
Gross margins grew, operating margins increased, net margins dropped.
Clorox logged revenue of $1.34 billion. The 11 analysts polled by S&P Capital IQ expected a top line of $1.35 billion on the same basis. GAAP reported sales were 2.5% higher than the prior-year quarter's $1.31 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.01. The 16 earnings estimates compiled by S&P Capital IQ forecast $0.96 per share. GAAP EPS of $1.01 for Q1 were 3.1% higher than the prior-year quarter's $0.98 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 42.9%, 110 basis points better than the prior-year quarter. Operating margin was 17.0%, 90 basis points better than the prior-year quarter. Net margin was 9.9%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.28 billion. On the bottom line, the average EPS estimate is $0.80.
Next year's average estimate for revenue is $5.66 billion. The average EPS estimate is $4.30.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 834 members out of 871 rating the stock outperform, and 37 members rating it underperform. Among 279 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 274 give Clorox a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Clorox is hold, with an average price target of $73.38.
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