Colgate-Palmolive (CL) Tops Q3 Earnings and Revenue Estimates

Group 1: Earnings Performance - Colgate-Palmolive reported quarterly earnings of $0.91 per share, exceeding the Zacks Consensus Estimate of $0.88 per share, and up from $0.86 per share a year ago, representing an earnings surprise of 3.41% [1] - The company achieved revenues of $5.03 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.48%, compared to $4.92 billion in the same quarter last year [1] - Over the last four quarters, Colgate-Palmolive has consistently surpassed consensus EPS and revenue estimates [1] Group 2: Stock Performance and Outlook - Colgate-Palmolive shares have increased approximately 25.1% since the beginning of the year, outperforming the S&P 500's gain of 21.8% [2] - The company's earnings outlook is crucial for investors, as trends in earnings estimate revisions are strongly correlated with near-term stock movements [3] - The current consensus EPS estimate for the upcoming quarter is $0.91 on revenues of $5.08 billion, and for the current fiscal year, it is $3.57 on revenues of $20.21 billion [4] Group 3: Industry Context - The Soap and Cleaning Materials industry, to which Colgate-Palmolive belongs, is currently ranked in the top 9% of over 250 Zacks industries, indicating a favorable outlook [5] - Clorox, another company in the same industry, is expected to report quarterly earnings of $1.36 per share, reflecting a year-over-year increase of 177.6%, with revenues projected at $1.63 billion, up 17.6% from the previous year [5]