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Kimberly-Clark (KMB) Stock Down Despite Q2 Earnings Beat
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Kimberly-Clark Corporation (KMB - Free Report) , came out with second-quarter 2018 results, wherein adjusted earnings of $1.59 surpassed the Zacks Consensus Estimate of $1.57. Bottom-line improved almost 7% from the prior-year quarter.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2018 went down by 7 cents in the last 30 days. In the trailing four quarters, excluding the quarter under review, the company earnings surprise history has been quite mixed.
Revenues: Kimberly-Clark generated net sales of $4,604 million that jumped close to 1% year over year. The Zacks Consensus Estimate was $4,606 million.
Kimberly-Clark Corporation Price, Consensus and EPS Surprise
Outlook: For 2018, management now expects sales growth in a range of flat to up 1%, compared to the prior view of rise in the range of 2-3%. Further, earnings are expected in the range of $6.60-$6.80 as compared to the earlier view of $6.90-$7.20.
Key Events: The company repurchased 2.2 million shares for approximately $224 million during the quarter.
Zacks Rank: Currently, Kimberly-Clark has a Zacks Rank #4 (Sell), which is subject to change following the earnings announcement.
Stock Movement: Shares of the company are down nearly 3.8% in the pre-market trading session following the second quarter outcome.
Check back later for our full write up on Kimberly-Clark’s earnings report!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
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Kimberly-Clark (KMB) Stock Down Despite Q2 Earnings Beat
Kimberly-Clark Corporation (KMB - Free Report) , came out with second-quarter 2018 results, wherein adjusted earnings of $1.59 surpassed the Zacks Consensus Estimate of $1.57. Bottom-line improved almost 7% from the prior-year quarter.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2018 went down by 7 cents in the last 30 days. In the trailing four quarters, excluding the quarter under review, the company earnings surprise history has been quite mixed.
Revenues: Kimberly-Clark generated net sales of $4,604 million that jumped close to 1% year over year. The Zacks Consensus Estimate was $4,606 million.
Kimberly-Clark Corporation Price, Consensus and EPS Surprise
Kimberly-Clark Corporation Price, Consensus and EPS Surprise | Kimberly-Clark Corporation Quote
Outlook: For 2018, management now expects sales growth in a range of flat to up 1%, compared to the prior view of rise in the range of 2-3%. Further, earnings are expected in the range of $6.60-$6.80 as compared to the earlier view of $6.90-$7.20.
Key Events: The company repurchased 2.2 million shares for approximately $224 million during the quarter.
Zacks Rank: Currently, Kimberly-Clark has a Zacks Rank #4 (Sell), which is subject to change following the earnings announcement.
Stock Movement: Shares of the company are down nearly 3.8% in the pre-market trading session following the second quarter outcome.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on Kimberly-Clark’s earnings report!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>