The 10-second takeaway
For the quarter ended Dec. 31 (Q2), Clorox beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share expanded significantly.
Margins grew across the board.
Clorox reported revenue of $1.33 billion. The 12 analysts polled by S&P Capital IQ foresaw a top line of $1.27 billion on the same basis. GAAP reported sales were 8.5% higher than the prior-year quarter's $1.22 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 $0.93. The 17 earnings estimates compiled by S&P Capital IQ forecast $0.80 per share. GAAP EPS of $0.93 for Q2 were 18% higher than the prior-year quarter's $0.79 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 42.5%, 100 basis points better than the prior-year quarter. Operating margin was 16.0%, 130 basis points better than the prior-year quarter. Net margin was 9.3%, 70 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.43 billion. On the bottom line, the average EPS estimate is $1.10.
Next year's average estimate for revenue is $5.63 billion. The average EPS estimate is $4.32.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 837 members out of 874 rating the stock outperform, and 37 members rating it underperform. Among 307 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 304 give Clorox a green thumbs-up, and three 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 $75.57.
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