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Clorox (CLX) Reports Q4 Earnings: What Key Metrics Have to Say
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For the quarter ended June 2023, Clorox (CLX - Free Report) reported revenue of $2.02 billion, up 12.1% over the same period last year. EPS came in at $1.67, compared to $0.93 in the year-ago quarter.
The reported revenue represents a surprise of +7.25% over the Zacks Consensus Estimate of $1.88 billion. With the consensus EPS estimate being $1.19, the EPS surprise was +40.34%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Clorox performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Organic Sales Growth: 14% versus the three-analyst average estimate of 5.68%.
Organic Revenue Growth - International: 14% versus the two-analyst average estimate of 10.42%.
Organic Revenue Growth - Lifestyle: 14% versus the two-analyst average estimate of 10.59%.
Organic Revenue Growth - Household: 14% versus the two-analyst average estimate of 7.22%.
Organic Revenue Growth - Health and Wellness: 14% versus 0.16% estimated by two analysts on average.
Net Revenue- Health and Wellness: $651 million versus $663.21 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +2.5% change.
Net Revenue- International: $305 million versus $295 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +3.7% change.
Net Revenue- Lifestyle: $333 million compared to the $309.21 million average estimate based on four analysts. The reported number represents a change of +14% year over year.
Net Revenue- Household: $663 million compared to the $608.34 million average estimate based on four analysts. The reported number represents a change of +14.3% year over year.
Income before income taxes- Health and Wellness: $176 million compared to the $83.53 million average estimate based on two analysts.
Income before income taxes- Corporate: -$107 million versus -$62.54 million estimated by two analysts on average.
Income before income taxes- International: $15 million compared to the $14.72 million average estimate based on two analysts.
Shares of Clorox have returned -5.4% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Clorox (CLX) Reports Q4 Earnings: What Key Metrics Have to Say
For the quarter ended June 2023, Clorox (CLX - Free Report) reported revenue of $2.02 billion, up 12.1% over the same period last year. EPS came in at $1.67, compared to $0.93 in the year-ago quarter.
The reported revenue represents a surprise of +7.25% over the Zacks Consensus Estimate of $1.88 billion. With the consensus EPS estimate being $1.19, the EPS surprise was +40.34%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Clorox performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Organic Sales Growth: 14% versus the three-analyst average estimate of 5.68%.
- Organic Revenue Growth - International: 14% versus the two-analyst average estimate of 10.42%.
- Organic Revenue Growth - Lifestyle: 14% versus the two-analyst average estimate of 10.59%.
- Organic Revenue Growth - Household: 14% versus the two-analyst average estimate of 7.22%.
- Organic Revenue Growth - Health and Wellness: 14% versus 0.16% estimated by two analysts on average.
- Net Revenue- Health and Wellness: $651 million versus $663.21 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +2.5% change.
- Net Revenue- International: $305 million versus $295 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +3.7% change.
- Net Revenue- Lifestyle: $333 million compared to the $309.21 million average estimate based on four analysts. The reported number represents a change of +14% year over year.
- Net Revenue- Household: $663 million compared to the $608.34 million average estimate based on four analysts. The reported number represents a change of +14.3% year over year.
- Income before income taxes- Health and Wellness: $176 million compared to the $83.53 million average estimate based on two analysts.
- Income before income taxes- Corporate: -$107 million versus -$62.54 million estimated by two analysts on average.
- Income before income taxes- International: $15 million compared to the $14.72 million average estimate based on two analysts.
View all Key Company Metrics for Clorox here>>>Shares of Clorox have returned -5.4% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.