The 10-second takeaway
For the quarter ended June 30 (Q4), Clorox met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share improved.
Margins dropped across the board.
Clorox reported revenue of $1.54 billion. The 11 analysts polled by S&P Capital IQ expected a top line of $1.53 billion on the same basis. GAAP reported sales were 4.0% higher than the prior-year quarter's $1.48 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 $1.32. The 15 earnings estimates compiled by S&P Capital IQ averaged $1.27 per share. GAAP EPS of $1.32 for Q4 were 4.8% 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.
For the quarter, gross margin was 42.7%, 80 basis points worse than the prior-year quarter. Operating margin was 18.7%, 30 basis points worse than the prior-year quarter. Net margin was 11.3%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.36 billion. On the bottom line, the average EPS estimate is $1.00.
Next year's average estimate for revenue is $5.65 billion. The average EPS estimate is $4.30.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 828 members out of 867 rating the stock outperform, and 39 members rating it underperform. Among 279 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 272 give Clorox a green thumbs-up, and seven 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 $70.38.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Clorox. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add Clorox to My Watchlist.