Household products company Church & Dwight (NYSE:CHD) will be reporting results this Friday before market open. Here’s what to look for.
Church & Dwight missed analysts’ revenue expectations by 2.9% last quarter, reporting revenues of $1.47 billion, down 2.4% year on year. It was a slower quarter for the company, with a miss of analysts’ organic revenue estimates and EPS guidance for next quarter missing analysts’ expectations.
Is Church & Dwight a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Church & Dwight’s revenue to decline 1.9% year on year to $1.48 billion, a reversal from the 3.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.86 per share.
Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 6 downward revisions over the last 30 days (we track 15 analysts). Church & Dwight has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Church & Dwight’s peers in the household products segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Procter & Gamble delivered year-on-year revenue growth of 1.7%, meeting analysts’ expectations, and WD-40 reported revenues up 1.2%, falling short of estimates by 2.3%. Procter & Gamble traded down 2.8% following the results while WD-40’s stock price was unchanged.
Read our full analysis of Procter & Gamble’s results here and WD-40’s results here.
Investors in the household products segment have had steady hands going into earnings, with share prices flat over the last month. Church & Dwight is down 2.2% during the same time and is heading into earnings with an average analyst price target of $101.70 (compared to the current share price of $95.46).
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.