Kimberly-Clark Corporation (KMB - Free Report) came out with fourth-quarter 2017 results, wherein adjusted earnings of $1.57 a share beat the Zacks Consensus Estimate of $1.54 and surged 8.3% from the prior-year quarter.
Additionally, management projects 2018 earnings in the range of $6.90 and $7.20 per share. The current Zacks Consensus Estimate for 2018 is pegged at $6.56.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2018 has declined by a cent in the last seven days. Nevertheless, in the trailing four quarters, excluding the quarter under review, the company outperformed the Zacks Consensus Estimate by an average of 2%.
Kimberly-Clark Corporation Price, Consensus and EPS Surprise
Revenues: Kimberly-Clark’s generated total revenue of $4,582 million that increased 1% year over year but missed of the Zacks Consensus Estimate of $4,597 million. Management now forecasts 2018 sales to increase in the range of 1-2%.
Key Events: Kimberly-Clark’s board hiked dividend by 3.1% alongside the quarterly results. The company also announced a new 2018 Global Restructuring Program. Also during the quarter Kimberly-Clark repurchased 0.9 million shares for approximately $100 million.
Zacks Rank: Currently, Kimberly-Clark carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
Stock Movement: Kimberly-Clark shares are up nearly 1.1% during pre-market trading hours following the earnings release.
Check back later for our full write up on Michael Kors’ earnings report!
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