We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Colgate-Palmolive (CL) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Read MoreHide Full Article
Colgate-Palmolive (CL - Free Report) reported $4.82 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 7.5%. EPS of $0.77 for the same period compares to $0.72 a year ago.
The reported revenue represents a surprise of +3.23% over the Zacks Consensus Estimate of $4.67 billion. With the consensus EPS estimate being $0.75, the EPS surprise was +2.67%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 Colgate-Palmolive performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Oral, Personal and Home Care- North America: $978 million versus the five-analyst average estimate of $979.39 million. The reported number represents a year-over-year change of +1.4%.
Net Sales- Oral, Personal and Home Care- Latin America: $1.18 billion compared to the $1.09 billion average estimate based on five analysts. The reported number represents a change of +15.6% year over year.
Net Sales- Oral, Personal and Home Care- Africa/Eurasia: $268 million versus $248.64 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +4.7% change.
Net Sales- Oral, Personal and Home Care- Europe: $678 million compared to the $634.36 million average estimate based on five analysts. The reported number represents a change of +6.1% year over year.
Net Sales- Oral, Personal and Home Care- Asia Pacific: $664 million versus $684.76 million estimated by five analysts on average.
Net Sales- Pet Nutrition: $1.06 billion versus the five-analyst average estimate of $1.04 billion. The reported number represents a year-over-year change of +16.2%.
Net Sales- Total Oral, Personal and Home Care: $3.77 billion versus $3.63 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +5.3% change.
Operating profit- Total Oral, Personal and Home Care: $955 million versus the two-analyst average estimate of $864.08 million.
Operating profit- Corporate: -$172 million compared to the -$123.54 million average estimate based on two analysts.
Operating profit- Pet Nutrition: $191 million versus the two-analyst average estimate of $214.88 million.
Shares of Colgate-Palmolive have returned +0.7% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Colgate-Palmolive (CL) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Colgate-Palmolive (CL - Free Report) reported $4.82 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 7.5%. EPS of $0.77 for the same period compares to $0.72 a year ago.
The reported revenue represents a surprise of +3.23% over the Zacks Consensus Estimate of $4.67 billion. With the consensus EPS estimate being $0.75, the EPS surprise was +2.67%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 Colgate-Palmolive performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Oral, Personal and Home Care- North America: $978 million versus the five-analyst average estimate of $979.39 million. The reported number represents a year-over-year change of +1.4%.
- Net Sales- Oral, Personal and Home Care- Latin America: $1.18 billion compared to the $1.09 billion average estimate based on five analysts. The reported number represents a change of +15.6% year over year.
- Net Sales- Oral, Personal and Home Care- Africa/Eurasia: $268 million versus $248.64 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +4.7% change.
- Net Sales- Oral, Personal and Home Care- Europe: $678 million compared to the $634.36 million average estimate based on five analysts. The reported number represents a change of +6.1% year over year.
- Net Sales- Oral, Personal and Home Care- Asia Pacific: $664 million versus $684.76 million estimated by five analysts on average.
- Net Sales- Pet Nutrition: $1.06 billion versus the five-analyst average estimate of $1.04 billion. The reported number represents a year-over-year change of +16.2%.
- Net Sales- Total Oral, Personal and Home Care: $3.77 billion versus $3.63 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +5.3% change.
- Operating profit- Total Oral, Personal and Home Care: $955 million versus the two-analyst average estimate of $864.08 million.
- Operating profit- Corporate: -$172 million compared to the -$123.54 million average estimate based on two analysts.
- Operating profit- Pet Nutrition: $191 million versus the two-analyst average estimate of $214.88 million.
View all Key Company Metrics for Colgate-Palmolive here>>>Shares of Colgate-Palmolive have returned +0.7% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.