Will Colgate (CL) Retain Earnings Trend In Q4 Despite Odds?
Zacks Investment Research | Jan 20, 2019 08:36PM ET
Colgate-Palmolive Company (NYSE:CL) is scheduled to report fourth-quarter 2018 numbers on Jan 25, before the opening bell.
Colgate is popular among investors for its meet or beat earnings track record. The company posted in-line earnings in three out of the last four quarters, the average beat being 0.3%. Let’s see how things are shaping up prior to this announcement.
What to Expect?
The question lingering in investors’ minds is whether this consumer goods giant will be able to deliver a positive earnings surprise in the fourth quarter of 2018. The Zacks Consensus Estimate for the quarter under review is pegged at 73 cents, which reflects a year-over-year decline of 2.7%. However, estimates remained unchanged in the last 30 days. The Zacks Consensus Estimate for revenues is pegged at $3.78 billion, down 2.8% from the year-ago quarter.
Colgate-Palmolive Company Price and EPS Surprise
industry ’s growth of 4.7%. This indicates a positive sentiment on the stock ahead of the earnings release.
What the Zacks Model Unveils
Our proven model shows that Colgate is likely to beat earnings estimates this quarter. This is because a stock needs to have — a positive Zacks Investment Research
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