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Household products company Church & Dwight (NYSE:CHD) will be announcing earnings results tomorrow before the bell. Here’s what to look for.
Church & Dwight met analysts’ revenue expectations last quarter, reporting revenues of $1.51 billion, up 3.9% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ organic revenue growth and EBITDA estimates.
Is Church & Dwight a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Church & Dwight’s revenue to grow 2.7% year on year to $1.50 billion, slowing from the 10.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.68 per share.
Heading into earnings, analysts covering the company have grown increasingly bullish with revenue estimates seeing 5 upward revisions over the last 30 days (we track 16 analysts). Church & Dwight has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.8% on average.
Looking at Church & Dwight’s peers in the household products segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Clorox delivered year-on-year revenue growth of 27.1%, beating analysts’ expectations by 7.6%, and Reynolds reported a revenue decline of 2.7%, in line with consensus estimates.
Read our full analysis of Clorox’s results here and Reynolds’s results here.
Investors in the household products segment have had steady hands going into earnings, with share prices flat over the last month. Church & Dwight is down 2.7% during the same time and is heading into earnings with an average analyst price target of $105.30 (compared to the current share price of $100.52).
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