Clorox Reports Q3 Fiscal Year 2024 Results, Updates Outlook
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Clorox (CLX) PT Lowered to $135 at Wells Fargo
May 2, 2024 5:40 AM EDTWells Fargo analyst Chris Carey lowered the price target on Clorox (NYSE: CLX) to $135.00 (from $140.00) while maintaining a Underweight rating.
The analyst comments "We raised FY24e EPS to $5.95 (was $5.50), mostly on a lower tax rate, with FY25e $6.47 (was $6.37) on... More
Clorox (CLX) Tops Q3 EPS by 35c, Updates Guidance
April 30, 2024 4:12 PM EDTClorox (NYSE: CLX) reported Q3 EPS of $1.71, $0.35 better than the analyst estimate of $1.36. Revenue for the quarter came in at $181 billion versus the consensus estimate of $1.87 billion.
GUIDANCE:
Clorox sees FY2024 EPS of $5.80-$5.95, versus the consensus of $5.58.
The company continues to expect net sales to be down low single digits. However, it is now expected to be at the low end of the range, reflecting the impact of the divestiture of the business in Argentina as well as third quarter results. The sales outlook now assumes 3 points of... More