The 10-second takeaway
For the quarter ended March 31 (Q1), Colgate-Palmolive met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share grew.
Margins dropped across the board.
Colgate-Palmolive reported revenue of $4.20 billion. The 16 analysts polled by S&P Capital IQ hoped for revenue of $4.17 billion on the same basis. GAAP reported sales were 5.2% higher than the prior-year quarter's $3.99 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $1.24. The 21 earnings estimates compiled by S&P Capital IQ anticipated $1.24 per share on the same basis. GAAP EPS of $1.23 for Q1 were 6.0% higher than the prior-year quarter's $1.16 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 58%, 40 basis points worse than the prior-year quarter. Operating margin was 22.3%, 60 basis points worse than the prior-year quarter. Net margin was 14.1%, 30 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $4.28 billion. On the bottom line, the average EPS estimate is $1.34.
Next year's average estimate for revenue is $17.33 billion. The average EPS estimate is $5.39.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,273 members rating the stock outperform and 50 members rating it underperform. Among 451 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 440 give Colgate-Palmolive a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Colgate-Palmolive is hold, with an average price target of $96.22.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.