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Kimberly-Clark (KMB) Q1 Earnings & Sales Up Y/Y,Stock Gains
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Kimberly-Clark Corporation (KMB - Free Report) came out with first-quarter 2018 results, wherein adjusted earnings of $1.71 per share came in line with the Zacks Consensus Estimate and jumped 9% year-over-year.
The company expects adjusted earnings for 2018 in a range of $6.90-$7.20 per share, reflecting year-over-year growth of 11-16%.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2018 has trended downward over the past 30 days. However, if we look at Kimberly-Clark’s performance in the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of about 2%.
Revenues: Kimberly-Clark generated net sales of approximately $4,731 million that advanced 5% year over year and also topped the Zacks Consensus Estimate of $4,599 million. Organic sales climbed 2%.
Net sales for 2018 are anticipated to grow 2-3%. Further, management expects organic sales to rise nearly 1% in 2018.
Key Events: The company repurchased 1.8 million shares for approximately $204 million during the quarter.
Stock Movement: Shares of the company are up nearly 2% in the pre-market trading session following the first quarter outcome.
Check back later for our full write up on Kimberly-Clark’s earnings report!
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Kimberly-Clark (KMB) Q1 Earnings & Sales Up Y/Y,Stock Gains
Kimberly-Clark Corporation (KMB - Free Report) came out with first-quarter 2018 results, wherein adjusted earnings of $1.71 per share came in line with the Zacks Consensus Estimate and jumped 9% year-over-year.
The company expects adjusted earnings for 2018 in a range of $6.90-$7.20 per share, reflecting year-over-year growth of 11-16%.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2018 has trended downward over the past 30 days. However, if we look at Kimberly-Clark’s performance in the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of about 2%.
Kimberly-Clark Corporation Price and EPS Surprise
Kimberly-Clark Corporation Price and EPS Surprise | Kimberly-Clark Corporation Quote
Revenues: Kimberly-Clark generated net sales of approximately $4,731 million that advanced 5% year over year and also topped the Zacks Consensus Estimate of $4,599 million. Organic sales climbed 2%.
Net sales for 2018 are anticipated to grow 2-3%. Further, management expects organic sales to rise nearly 1% in 2018.
Key Events: The company repurchased 1.8 million shares for approximately $204 million during the quarter.
Zacks Rank: Currently, Kimberly-Clark carries a Zacks Rank #3 (Hold) which is subject to change following the just released earnings results. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stock Movement: Shares of the company are up nearly 2% in the pre-market trading session following the first quarter outcome.
Check back later for our full write up on Kimberly-Clark’s earnings report!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>