The 10-second takeaway
For the quarter ended June 30 (Q2), Kimberly-Clark met expectations on revenue and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share expanded significantly.
Margins increased across the board.
Kimberly-Clark notched revenue of $5.27 billion. The nine analysts polled by S&P Capital IQ looked for revenue of $5.26 billion on the same basis. GAAP reported sales were 0.2% higher than the prior-year quarter's $5.26 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 $1.30. The 13 earnings estimates compiled by S&P Capital IQ predicted $1.28 per share. GAAP EPS of $1.26 for Q2 were 22% higher than the prior-year quarter's $1.03 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 33.3%, 210 basis points better than the prior-year quarter. Operating margin was 14.3%, 180 basis points better than the prior-year quarter. Net margin was 9.5%, 170 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $5.36 billion. On the bottom line, the average EPS estimate is $1.32.
Next year's average estimate for revenue is $21.18 billion. The average EPS estimate is $5.16.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,007 members out of 1,061 rating the stock outperform, and 54 members rating it underperform. Among 351 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 343 give Kimberly-Clark a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kimberly-Clark is hold, with an average price target of $78.08.
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