Church & Dwight (CHD) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

Core Insights - Church & Dwight (CHD) is anticipated to report a year-over-year decline in earnings despite an increase in revenues for the quarter ended June 2024 [1] - Revenue is projected to be $1.51 billion, reflecting a 3.8% increase from the same quarter last year [2] - The company's earnings surprise prediction model indicates a positive outlook for earnings performance [3][10] Estimate Revisions and Predictions - The Zacks Earnings ESP model shows that the Most Accurate Estimate for Church & Dwight is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +2.60% [15] - Historical performance indicates that Church & Dwight has previously exceeded consensus EPS estimates, with a surprise of +11.63% in the last reported quarter [16] - The combination of a positive Earnings ESP and a Zacks Rank of 3 suggests a likelihood of beating the consensus EPS estimate [10][25] Industry Context - Clorox (CLX), a competitor in the same industry, is expected to report earnings per share of $1.54, indicating a year-over-year decline of 7.8% [12] - Clorox's revenues are projected to be $1.97 billion, down 2.4% from the previous year [12] - The earnings report for both companies is set to be released on August 2, 2024, which could influence stock movements based on performance relative to expectations [13]