Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

The Clorox Company’s (CLX - Analyst Report) strong revenue generating capabilities, impressive quarterly beats and an upbeat outlook facilitated it to record a new 52-week high for the 3rd time in April.

After attaining a 52-week high of $89.66 on Apr 16, shares of this consumer products company further soared to touch a new high of $90.10 on Friday, Apr 19. Shares eventually closed at $89.53, rising 20.8% year to date. The company currently trades at a forward P/E of 20.7x, almost at par with the peer group average.

Alongside, companies like The Home Depot Inc. (HD - Analyst Report), Colgate-Palmolive Company (CL - Analyst Report) and Rite Aid Corp. (RAD - Analyst Report) crafted new 52-week highs of $74.28, $119.89 and $2.48, respectively on Apr 19.


Clorox's diversified portfolio of brands positions it well to generate above-average industry growth amid a challenging environment. The company’s rigorous research & development process, marketing strategies, financial control, and operating leverage further strengthen its brands and facilitate it to generate long-term profitability, which is well evident from its record of beating the quarterly earnings expectations.

If we look at the company earnings surprise history, Clorox has surpassed the Zacks Consensus Estimate in the last 9 quarters. In the last reported quarter, the company’s earnings beat the Zacks Consensus Estimate by 11.1%.

Going forward, Clorox expects to sustain its growth momentum through market share gains and product innovation. The company raised its sales growth forecast to 3%–5% for fiscal 2013 from 2%–4% projected earlier.

In fiscal 2013, the company expects operating income margin to expand 25–50 basis points (bps) on the back of efficient cost savings, price increases and flat commodity costs. Further, Clorox raised its fiscal 2013 earnings guidance range to $4.25–$4.35 per share from the previous range of $4.20–$4.35.

Currently, shares of Clorox hold a Zacks Rank #3 (Hold).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
DIXIE GRP IN DXYN 15.84 +7.90%
BOFI HLDG IN BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%