Church & Dwight (CHD) Q4 Earnings Miss By A Penny, Up Y/Y
Zacks Investment Research | Feb 04, 2019 10:21PM ET
After eight straight quarter of earnings beat, Church & Dwight Company, Inc. (NYSE:CHD) reported a negative earnings surprise of 1.7% in the fourth quarter of 2018. Surely, this is not well perceived by investors as the stock is down roughly 7% during the pre-market trading session. Investors might have also fretted over the company’s 2019 earnings guidance that is marginally below the current Zacks Consensus Estimate.
Management now expects earnings of $2.43-$2.47 per share, which is below the consensus mark of $2.48. However, full-year earnings reflect year-over-year growth of 7-9%. This will be backed by higher operating income. Further, this was the sixth consecutive quarter of positive sales surprise. Notably, the top and bottom lines continued to improve year over year.
Management pointed that the Consumer Domestic business posted solid volume growth while pricing remains favorable. Moreover, total organic sales growth exceeded the company’s projection. Certainly, the company’s well-chalked growth endeavors have helped this Zacks Rank #2 (Buy) company’s shares to rally 13.8% in the past six months compared with Original post
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