Household products company Church & Dwight (NYSE: CHD) will be reporting results this Friday before market hours. Here’s what you need to know.
Church & Dwight met analysts’ revenue expectations last quarter, reporting revenues of $1.64 billion, up 3.9% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ gross margin estimates but a slight miss of analysts’ organic revenue estimates.
Is Church & Dwight a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Church & Dwight’s revenue to be flat year on year, improving from the 2.4% decrease it recorded in the same quarter last year.
Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing in majority downward revisions over the last 30 days. Church & Dwight has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Church & Dwight’s peers in the household products segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Procter & Gamble delivered year-on-year revenue growth of 7.4%, beating analysts’ expectations by 3.6%, and WD-40 reported revenues up 10.7%, topping estimates by 4.7%. Procter & Gamble traded up 1.8% following the results while WD-40 was down 4%.
Read our full analysis of Procter & Gamble’s results here and WD-40’s results here.
There has been positive sentiment among investors in the household products segment, with share prices up 2% on average over the last month. Church & Dwight is up 3.1% during the same time and is heading into earnings with an average analyst price target of $101.53 (compared to the current share price of $96.21).
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