Colgate-Palmolive (NYSE: CL) reported earnings on July 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Colgate-Palmolive met expectations on revenue and met expectations on earnings per share.
Compared to the prior-year quarter, revenue improved slightly and GAAP earnings per share increased.
Gross margins grew, operating margins dropped, and net margins dropped.
Revenue details
Colgate-Palmolive recorded revenue of $4.27 billion. The 18 analysts polled by S&P Capital IQ expected net sales of $4.26 billion on the same basis. GAAP reported sales were 2.0% higher than the prior-year quarter's $4.19 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $1.33. The 23 earnings estimates compiled by S&P Capital IQ predicted $1.33 per share. GAAP EPS of $1.30 for Q2 were 3.2% higher than the prior-year quarter's $1.26 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 57.7%, 30 basis points better than the prior-year quarter. Operating margin was 23.0%, 30 basis points worse than the prior-year quarter. Net margin was 14.7%, 20 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $4.42 billion. On the bottom line, the average EPS estimate is $1.38.
Next year's average estimate for revenue is $17.23 billion. The average EPS estimate is $5.36.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,295 members out of 1,345 rating the stock outperform, and 50 members rating it underperform. Among 464 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 454 give Colgate-Palmolive a green thumbs-up, and 10 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 $102.08.
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