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Church & Dwight (CHD) Beats Q1 Earnings & Revenue Estimates
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Church & Dwight Company, Inc. (CHD - Free Report) develops, manufactures and markets a broad range of household, personal care and specialty products. It is the leading U.S. producer of sodium bicarbonate, popularly known as baking soda.
Church & Dwight’s stable portfolio of value and premium products, aggressive productivity programs and tight management of overhead expenses, along with robust sales and earnings growth help propel the stock. The company also has a robust acquisition history, which is expected to add strength to the company’s sturdy portfolio and boost margins. However, Church & Dwight has been witnessing pricing pressures, rising commodity costs, stiff competition and weak consumer demand in many of its markets. The company also remains exposed to unfavorable foreign currency translations, which might hurt sales and profits. Due to this, investors are eagerly awaiting Church & Dwight’s earnings report.
Investors should also note that CHD has been witnessing slight upward estimate revisions during the past 30 days. Further, CHD has an impressive history when it comes to recent earnings reports as the company posted positive surprises in three of the last four quarters, with an average positive surprise of 3.66%.
Currently, CHD has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Rank could change following Church & Dwight’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: CHD beats earnings. Our consensus called for EPS of 46 cents, and the company posted adjusted EPS of 52 cents per share instead. Investors should note that these figures take out stock option expenses.
Revenue: CHD posted revenues of $877.2 million, exceeding our consensus estimate of $870 million.
Key Stats to Note: Church & Dwight’s organic sales increased 2.3% and adjusted earnings increased 20.9%. Both adjusted gross and operating margins gained on a year-over-year basis. For 2017, the company now expects its adjusted diluted EPS to grow 8.5%, compared to 7%, expected earlier.
Stock Price: Shares were inactive in pre-market trading.
Check back later for our full write up on this CHD earnings report later!
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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Church & Dwight (CHD) Beats Q1 Earnings & Revenue Estimates
Church & Dwight Company, Inc. (CHD - Free Report) develops, manufactures and markets a broad range of household, personal care and specialty products. It is the leading U.S. producer of sodium bicarbonate, popularly known as baking soda.
Church & Dwight’s stable portfolio of value and premium products, aggressive productivity programs and tight management of overhead expenses, along with robust sales and earnings growth help propel the stock. The company also has a robust acquisition history, which is expected to add strength to the company’s sturdy portfolio and boost margins. However, Church & Dwight has been witnessing pricing pressures, rising commodity costs, stiff competition and weak consumer demand in many of its markets. The company also remains exposed to unfavorable foreign currency translations, which might hurt sales and profits. Due to this, investors are eagerly awaiting Church & Dwight’s earnings report.
Investors should also note that CHD has been witnessing slight upward estimate revisions during the past 30 days. Further, CHD has an impressive history when it comes to recent earnings reports as the company posted positive surprises in three of the last four quarters, with an average positive surprise of 3.66%.
Currently, CHD has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Rank could change following Church & Dwight’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: CHD beats earnings. Our consensus called for EPS of 46 cents, and the company posted adjusted EPS of 52 cents per share instead. Investors should note that these figures take out stock option expenses.
Revenue: CHD posted revenues of $877.2 million, exceeding our consensus estimate of $870 million.
Key Stats to Note: Church & Dwight’s organic sales increased 2.3% and adjusted earnings increased 20.9%. Both adjusted gross and operating margins gained on a year-over-year basis. For 2017, the company now expects its adjusted diluted EPS to grow 8.5%, compared to 7%, expected earlier.
Stock Price: Shares were inactive in pre-market trading.
Check back later for our full write up on this CHD earnings report later!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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