Clorox reports earnings on Monday: what analysts expect

what happened

Household products maker Clorox will announce its quarterly results on Monday afternoon, StockStory reports. Last quarter revenue came in at $1.95 billion, down 2% year on year. The company beat revenue forecasts and narrowly beat on earnings per share, but fell short on gross margin.

This quarter the market expects revenue to rise 31.3% year on year, after an 18.9% drop in the same quarter last year. Over the past 30 days, analysts have mostly reconfirmed their estimates. Peers have already reported: Procter & Gamble grew revenue 4% and beat expectations by 2%, while Church & Dwight rose 1% and topped estimates by 1.6%. P&G shares rose 2.7% after its report.

Clorox shares are up 9.4% over the past month and trade at $87.98, while the average analyst price target stands at $96.35.

why it matters

For investors, the key question is whether Clorox can return revenue to growth and hold the gross margin that missed forecasts last quarter. Results from P&G and Church & Dwight suggest demand in the household products segment remains steady.

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