Core Insights - Dividend Aristocrats are highly regarded for their ability to deliver strong financial results and consistently increase dividends over 25 years, but some may be overvalued at current price levels [1] Group 1: Clorox (CLX) - Clorox has a strong reputation among conservative dividend growth investors, with a history of consistent sales even during economic downturns, and has increased dividends for 46 consecutive years [2] - Despite its solid business model, Clorox's stock is considered overvalued, with gross profit margins declining below 40% and organic growth at just 2% in the latest Q3 results, leading to a forward P/E ratio of 21.7 [3] Group 2: Colgate-Palmolive (CL) - Colgate-Palmolive is recognized for its strong sales patterns and has increased dividends for over 60 years, benefiting from essential household products [5] - The stock appears overpriced with minimal earnings growth over the past decade and a projected sales growth of only 2% to 5% for FY2024, resulting in a forward P/E of 27.1 [5] Group 3: Consolidated Edison (ED) - Consolidated Edison has a long dividend growth track record, providing electricity and gas to millions in New York City and surrounding areas, benefiting from stable demand and regulatory support [6] - The stock is viewed as overvalued, trading at a forward P/E of about 18.1, with expected EPS growth barely exceeding 5% in the medium term, indicating potential downside [7]

Economic Overview - Rising inflation is causing concerns about an economic slowdown, with consumer sentiment declining significantly [1] - The University of Michigan's consumer sentiment index dropped to 67.4 in May, down from 77.2 in April, reflecting a 12.7% month-over-month and 14.2% year-over-year decline [1] - Economic growth slowed to 1.6% in the first quarter, below the consensus estimate of 2.2% [2] - The Consumer Price Index (CPI) rose 3.5% in March, raising concerns about potential delays in Federal Reserve rate cuts [2] Investment Recommendations - Defensive stocks such as utilities and consumer staples are recommended for investment, including California Water Service Group, National Grid plc, Pinnacle West Capital Corporation, Colgate-Palmolive Company, and PepsiCo, Inc. [3] - These stocks are categorized as low-beta stocks, with beta values greater than 0 but less than 1, and are expected to provide stability during market volatility [3] Company-Specific Insights - **California Water Service Group (CWT)**: Expected earnings growth rate of 246.2% for the current year, with a Zacks Rank 1 and a current dividend yield of 2.11% [4] - **National Grid plc (NGG)**: Expected earnings growth rate of 29.3% for the current year, Zacks Rank 2, and a current dividend yield of 3.31% [5] - **Pinnacle West Capital Corporation (PNW)**: Expected earnings growth rate of 7.9% for the current year, Zacks Rank 2, and a current dividend yield of 4.56% [6] - **Colgate-Palmolive Company (CL)**: Expected earnings growth rate of 9% for the current year, Zacks Rank 2, and a current dividend yield of 2.10% [7] - **PepsiCo, Inc. (PEP)**: Expected earnings growth rate of 7.1% for the current year, Zacks Rank 2, and a current dividend yield of 2.81% [7]

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying those with genuine growth prospects can be challenging. Colgate-Palmolive (CL) is highlighted as a recommended growth stock based on its favorable Growth Score and top Zacks Rank [1][6]. Earnings Growth - Colgate-Palmolive has a historical EPS growth rate of 2.1%, but projected EPS growth for this year is expected to be 9%, surpassing the industry average of 8.4% [3]. Asset Utilization Ratio - The company's sales-to-total-assets (S/TA) ratio is 1.21, indicating that it generates $1.21 in sales for every dollar in assets, compared to the industry average of 0.95. Additionally, sales are projected to grow by 3.8% this year, while the industry average is only 1.6% [4]. Earnings Estimate Revisions - There has been a positive trend in earnings estimate revisions for Colgate-Palmolive, with the Zacks Consensus Estimate for the current year increasing by 0.9% over the past month [5]. Overall Assessment - Colgate-Palmolive has achieved a Growth Score of A and holds a Zacks Rank 2, indicating it is a solid choice for growth investors due to its positive earnings estimate revisions and strong growth metrics [6][7].

Core Insights - Zacks Premium offers various tools for investors to enhance their stock market strategies and confidence [1] - The Zacks Style Scores provide a rating system for stocks based on value, growth, and momentum, helping investors identify stocks likely to outperform the market [2][3][4] Zacks Style Scores - The Value Score identifies attractive stocks using ratios like P/E, PEG, and Price/Sales, focusing on undervalued stocks [2] - The Growth Score assesses a company's financial health and future outlook, analyzing projected and historical earnings, sales, and cash flow [3] - The Momentum Score capitalizes on price trends, using factors like one-week price change and monthly earnings estimate changes to identify high-momentum stocks [3] - The VGM Score combines the three Style Scores, providing a comprehensive rating based on value, growth, and momentum [4] Zacks Rank and Style Scores Integration - The Zacks Rank utilizes earnings estimate revisions to help investors build successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988 [5] - Stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B are recommended for higher return potential [6] - Stocks with lower ranks but high Style Scores may still face downward price pressure due to negative earnings forecasts [6] Company Spotlight: Colgate-Palmolive (CL) - Colgate-Palmolive is focusing on innovation and expanding its Naturals product range in response to consumer demand for organic ingredients, achieving a global household penetration of 61.6% [7] - The company holds a Zacks Rank of 2 (Buy) and a VGM Score of B, with a Momentum Style Score of A, indicating strong performance potential [7][8] - Recent upward revisions in earnings estimates for fiscal 2024 have increased the Zacks Consensus Estimate to $3.52 per share, with an average earnings surprise of 4.4% [7]

Economic Overview - The Federal Reserve is continuing its efforts to combat high inflation, which remains above the 2% target despite a significant easing over the past year [1] - The personal consumption expenditure (PCE) price index increased by 2.7% year-over-year in March, exceeding the consensus estimate of 2.6% [1] - Core PCE, excluding food and energy, rose by 2.8% in March, higher than the expected 2.7% [1] - The U.S. economy grew at a modest pace of 1.6% in the first quarter, significantly lower than the 3.4% growth in the previous quarter and below the consensus estimate of 2.2% [2] Investment Opportunities - Defensive stocks such as consumer staples are recommended for investment due to their favorable Zacks Rank and potential to strengthen portfolios [3] - Colgate-Palmolive Company (CL) has an expected earnings growth rate of 8.4% for the current year, with a Zacks Rank of 2 [4] - Grocery Outlet Holding Corp. (GO) is projected to have a 10.3% earnings growth rate for the current year, also holding a Zacks Rank of 2 [4] - Pilgrim's Pride Corporation (PPC) shows a remarkable expected earnings growth rate of 78.1% for the current year, with a Zacks Rank of 2 [5] - Lifeway Foods, Inc. (LWAY) has an expected earnings growth rate of 33.1% for the current year, currently holding a Zacks Rank of 1 [6] - The Vita Coco Company, Inc. (COCO) is expected to achieve a 24.3% earnings growth rate for the current year, with a Zacks Rank of 2 [6]

Group 1: Q1 Earnings Overview - 77% of S&P 500 companies have beaten earnings expectations, while 60% exceeded revenue forecasts [1] - The year-over-year earnings growth rate for Q1 among S&P 500 companies is 3.5%, marking the third consecutive quarter of growth [1] Group 2: Chipotle Mexican Grill (CMG) - Chipotle reported Q1 EPS of $13.37, surpassing the consensus forecast of $11.68, with revenue of $2.70 billion compared to the expected $2.68 billion [2][3] - Same-store sales increased by 7%, exceeding estimates of 5.2%, despite higher menu prices [3] - Chipotle's throughput reached its highest level in four years, and the company added 47 new locations in Q1 [3] - The company is undertaking a 50-for-1 stock split, one of the largest in NYSE history, with trading expected to start on a split-adjusted basis on June 26 [3] - CMG stock has risen 60% in the last 12 months, including a 42% gain this year [3] Group 3: Spotify Technology (SPOT) - Spotify reported a net profit of €197 million ($210 million), significantly above the expected €62 cents per share, with Q1 revenue rising 20% to €3.64 billion [5][6] - Monthly active users increased to 615 million, up 19% year-over-year, and premium subscriptions rose 14% to 239 million [5] - SPOT stock has increased 116% in the last 12 months, including a 52% year-to-date gain [6] Group 4: Colgate-Palmolive (CL) - Colgate-Palmolive reported Q1 EPS of 86 cents, exceeding estimates of 81 cents, with revenue of $5.07 billion, beating forecasts of $4.96 billion [7] - The company attributed its earnings beat to increased prices and strong consumer spending, demonstrating "pricing power" [7] - Colgate-Palmolive now expects revenue growth of 2% to 5% for the year, up from a previous forecast of 1% to 4% [7] - CL stock has increased nearly 20% in the last 12 months [7]

Core Viewpoint - Colgate-Palmolive Company reported strong first-quarter 2024 results, with both top and bottom lines exceeding expectations and showing year-over-year improvement, driven by robust sales growth and margin expansions [1][2][10] Financial Performance - Earnings per share on a non-GAAP basis were 86 cents, an 18% increase from the prior year, surpassing the Zacks Consensus Estimate of 82 cents [1] - Net sales reached $5,065 million, a 6.2% increase from the previous year, exceeding the Zacks Consensus Estimate of $4,951 million, with organic sales growth of 9.8% [2][4] - Gross profit was $3,039 million, up 12.1% year over year, with a gross profit margin expansion of 310 basis points to 60% [4][5] Segment Performance - North America saw net sales rise 4% year over year, driven by a 1.2% increase in pricing and a 2.9% rise in volume [6] - Latin America reported a 16.5% increase in net sales, with 19.7% pricing gains and a 6.2% increase in volume, despite a 9.4% unfavorable currency impact [7] - Europe experienced a 9.5% increase in net sales, with a 3.1% rise in volume and a 4.1% pricing gain [8] - Asia Pacific's net sales declined 1.5% year over year, impacted by a 2.9% decline in volumes, although organic sales improved by 1.5% [9] - Africa/Eurasia's net sales decreased 4.5% year over year, but organic sales grew 16.2% due to strong pricing and volume growth [9] Outlook - Management raised its 2024 sales forecast to 2-5% growth, with organic sales growth expected at 5-7% [10][11] - The company anticipates gross profit margin expansion driven by continued pricing gains and revenue growth management initiatives [10] - Adjusted earnings per share are expected to grow in the mid to high-single digits, with GAAP earnings per share anticipated to increase in double digits [11]

Colgate-Palmolive Company (NYSE:CL) Q1 2024 Earnings Conference Call April 26, 2024 8:30 AM ET Company Participants Noel Wallace - President, Chief Executive Officer Stan Sutula - Chief Financial Officer John Faucher - Chief Investor Relations Officer Conference Call Participants Steve Powers - Deutsche Bank Robert Ottenstein - Evercore ISI Peter Grom - UBS Filippo Falorni - Citi Andrea Teixeira - JP Morgan Bonnie Herzog - Goldman Sachs Olivia Tong - Raymond James Chris Carey - Wells Fargo Lauren Lieberman ...

For the quarter ended March 2024, Colgate-Palmolive (CL) reported revenue of $5.07 billion, up 6.2% over the same period last year. EPS came in at $0.86, compared to $0.73 in the year-ago quarter.The reported revenue represents a surprise of +2.30% over the Zacks Consensus Estimate of $4.95 billion. With the consensus EPS estimate being $0.82, the EPS surprise was +4.88%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________ FORM 10-Q ________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from________ to________ . Commission File Number: 1-644 COLGATE-PALMOLIVE COMPANY (Exact name of registrant as sp ...