Church & Dwight (CHD) Beats Q2 Earnings and Revenue Estimates

Core Viewpoint - Church & Dwight (CHD) reported quarterly earnings of $0.93 per share, exceeding the Zacks Consensus Estimate of $0.84 per share, and showing a slight increase from $0.92 per share a year ago, indicating a positive earnings surprise of 10.71% [1][2] Financial Performance - The company achieved revenues of $1.51 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.21% and reflecting a year-over-year increase from $1.45 billion [2] - Over the last four quarters, Church & Dwight has consistently exceeded consensus EPS estimates [2] Stock Performance - Church & Dwight shares have increased approximately 5.8% since the beginning of the year, while the S&P 500 has gained 14.2%, indicating underperformance relative to the broader market [3] Future Outlook - The company's earnings outlook will be crucial for assessing future stock performance, with current consensus EPS estimates at $0.84 for the upcoming quarter and $3.46 for the current fiscal year [4][7] - The Zacks Rank for Church & Dwight is currently 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6] Industry Context - The Soap and Cleaning Materials industry, to which Church & Dwight belongs, is currently ranked in the top 31% of over 250 Zacks industries, indicating a favorable industry outlook [8]