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Clorox (CLX) Surpasses Market Returns: Some Facts Worth Knowing
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In the latest trading session, Clorox (CLX - Free Report) closed at $141.86, marking a +0.5% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.17%. On the other hand, the Dow registered a loss of 0.05%, and the technology-centric Nasdaq increased by 0.2%.
The consumer products maker's stock has climbed by 0.46% in the past month, falling short of the Consumer Staples sector's gain of 2.18% and the S&P 500's gain of 4.71%.
Investors will be eagerly watching for the performance of Clorox in its upcoming earnings disclosure. The company is forecasted to report an EPS of $1.07, showcasing a 9.18% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $1.77 billion, indicating a 3.25% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.58 per share and revenue of $6.99 billion. These totals would mark changes of -10.02% and -5.41%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Clorox. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.47% upward. Currently, Clorox is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Clorox is presently being traded at a Forward P/E ratio of 30.82. This signifies a premium in comparison to the average Forward P/E of 22.45 for its industry.
Also, we should mention that CLX has a PEG ratio of 2.97. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Soap and Cleaning Materials industry was having an average PEG ratio of 3.14.
The Soap and Cleaning Materials industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 60, positioning it in the top 24% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Clorox (CLX) Surpasses Market Returns: Some Facts Worth Knowing
In the latest trading session, Clorox (CLX - Free Report) closed at $141.86, marking a +0.5% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.17%. On the other hand, the Dow registered a loss of 0.05%, and the technology-centric Nasdaq increased by 0.2%.
The consumer products maker's stock has climbed by 0.46% in the past month, falling short of the Consumer Staples sector's gain of 2.18% and the S&P 500's gain of 4.71%.
Investors will be eagerly watching for the performance of Clorox in its upcoming earnings disclosure. The company is forecasted to report an EPS of $1.07, showcasing a 9.18% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $1.77 billion, indicating a 3.25% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.58 per share and revenue of $6.99 billion. These totals would mark changes of -10.02% and -5.41%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Clorox. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.47% upward. Currently, Clorox is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Clorox is presently being traded at a Forward P/E ratio of 30.82. This signifies a premium in comparison to the average Forward P/E of 22.45 for its industry.
Also, we should mention that CLX has a PEG ratio of 2.97. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Soap and Cleaning Materials industry was having an average PEG ratio of 3.14.
The Soap and Cleaning Materials industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 60, positioning it in the top 24% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.