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Here's Why Clorox (CLX) is a Strong Momentum Stock
CloroxClorox(US:CLX) ZACKSยท2024-08-23 14:51

Company Overview - The Clorox Company is engaged in the production, marketing, and sale of consumer products in both U.S. and international markets, with a diverse portfolio including cleaning products, personal care items, and food-related products [10] - Clorox markets well-known brands such as Clorox bleach, Green Works cleaners, Armor All, and Brita water filtration systems, and operates in over 24 countries while marketing in more than 100 countries [10] Investment Insights - Clorox currently holds a Zacks Rank of 3 (Hold) and has a VGM Score of B, indicating a stable position in the market [11] - The company has a Momentum Style Score of A, with shares increasing by 13.3% over the past four weeks, suggesting positive momentum [11] - Recent upward revisions in earnings estimates by seven analysts for fiscal 2025 have led to an increase in the Zacks Consensus Estimate by $0.17 to $6.56 per share, showcasing strong earnings potential [11] - Clorox has demonstrated an impressive average earnings surprise of 122.9%, indicating a history of exceeding earnings expectations [11] - With a solid Zacks Rank and high Momentum and VGM Style Scores, Clorox is positioned as a noteworthy option for investors [12]