Clorox's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Clorox (NYSE:CLX) is expected to release its quarterly earnings report on February 1, 2024, with an estimated EPS of $1.10. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Clorox has surpassed EPS estimates, resulting in share price increases the following day. Shares are currently trading at $145.73, with a 3.5% increase over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
January 31, 2024 | 6:01 pm
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Clorox is anticipated to report quarterly earnings with investors expecting a beat on the estimated EPS of $1.10 and positive future guidance. Historical performance shows positive stock movement post-earnings beat.
Given Clorox's history of surpassing EPS estimates and the subsequent positive stock price reactions, there is a high likelihood of a short-term positive impact if the company beats the EPS estimate again and provides favorable guidance. The current trading price and the 52-week performance indicate a bullish sentiment which could be further strengthened by a positive earnings report.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100