Colgate-Palmolive is due for a turnaround, one analyst says. Here’s what can drive it.
Colgate-Palmolive Co. shares are down 4.9% Friday despite the toothpaste and toothbrush giant reporting better-than-expected fourth-quarter profit and hitting a full-year revenue milestone. However, the company’s revenue guidance came in below Wall Street’s expectations.
Why Colgate-Palmolive Stock Fell Today
Shares of Colgate-Palmolive (NYSE: CL) pulled back today after the household products giant missed the mark on the top line in its fourth-quarter earnings report and gave a weak outlook. Revenue growth slowed down from earlier in the year as price hikes it had previously implemented rolled off.
Colgate-Palmolive: Q4 Earnings Snapshot
The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share. The consumer products maker posted revenue of $4.94 billion in the period, which missed Street forecasts.
Why Colgate-Palmolive (CL) Shares Are Falling Today
What Happened? Shares of consumer products company Colgate-Palmolive (NYSE:CL) fell 5.2% in the morning session after the company reported underwhelming fourth quarter results. Its EBITDA missed, and its organic revenue fell short of Wall Street's estimates.
Colgate-Palmolive EPS Up, Revenue Lags
Colgate-Palmolive's adjusted EPS reached $0.91, exceeding analyst expectations of $0.89. Revenue fell slightly short at $4.944 billion compared to the $4.98 billion estimate. The company ...
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Colgate-Palmolive reported a slight decline in Q4 sales, dropping 0.12% to $4.94 billion, missing estimates. However, organic ...
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Colgate-Palmolive Stock Falls as Foreign Exchange Rates Hurt Sales, Outlook
Colgate-Palmolive shares dropped Friday after the household products company missed revenue forecasts and gave weak guidance as it was hurt by foreign exchange rates.