Clorox Analysts Boost Their Forecasts Following Upbeat Earnings

Core Insights - Clorox Company reported better-than-expected second-quarter financial results, with revenue of $1.69 billion surpassing the consensus estimate of $1.63 billion and adjusted earnings of $1.55 per share exceeding analyst expectations of $1.41 per share [1][2] Financial Performance - The company achieved strong results across sales, margin, and earnings per share (EPS) due to effective demand creation plans, which also contributed to share growth [2] - Clorox raised its full-year earnings forecast from a range of $6.65 to $6.90 per share to a new range of $6.95 to $7.35 per share, compared to estimates of $6.84 per share [2] Future Outlook - The company guided for 2025 net sales to be in a range of down 1% to up 2% [2] - Clorox is undergoing a significant transformation with its Enterprise Resource Planning transition in the U.S., which is expected to support long-term profitable growth [2] Market Reaction - Following the earnings announcement, Clorox shares fell 6.6% to trade at $149.19 [3] - Analysts adjusted their price targets for Clorox, with Wells Fargo raising it from $157 to $161 and JP Morgan increasing it from $171 to $173 [5]