Church & Dwight (CHD) Q4 Earnings Report Preview: What To Look For
Stock Story
Published Feb 01, 2024 02:00AM ET
Updated Feb 01, 2024 06:31AM ET
Church & Dwight (CHD) Q4 Earnings Report Preview: What To Look For
Household products company Church & Dwight (NYSE:CHD) will be announcing earnings results tomorrow before market hours. Here's what to expect.
Last quarter Church & Dwight reported revenues of $1.46 billion, up 10.5% year on year, beating analyst revenue expectations by 1.5%. It was a mixed quarter for the company, with a decent beat of analysts' revenue estimates but underwhelming earnings guidance for the next quarter.
Is Church & Dwight buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Church & Dwight's revenue to grow 5.3% year on year to $1.51 billion, in line with the 4.9% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.65 per share.
The analysts covering the company have had mixed opinions about the business heading into the earnings, with revenue estimates seeing five upward and three downward revisions over the last thirty days. The company only missed Wall St's revenue estimates once over the last two years, and has on average exceeded top line expectations by 1.8%.
Looking at Church & Dwight's peers in the household products segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. WD-40 delivered top-line growth of 12.4% year on year, beating analyst estimates by 4.5% and Procter & Gamble reported revenues up 3.2% year on year, missing analyst estimates by 0.3%. WD-40 traded up 5.% on the results, and Procter & Gamble was flat on the results.
Read the full analysis of WD-40's and Procter & Gamble's results on StockStory.
Investors in the household products segment have had steady hands going into the earnings, with the stocks down on average 1.2% over the last month. Church & Dwight is up 6.3% during the same time, and is heading into the earnings with analyst price target of $96.5, compared to share price of $99.8.
The author has no position in any of the stocks mentioned.
Get The News You Want
Written By: Stock Story
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.