Why Clorox (CLX) is Poised to Beat Earnings Estimates Again

Core Viewpoint - Clorox (CLX) is positioned well to continue its trend of beating earnings estimates, with a strong history of performance in recent quarters [1][4]. Earnings Performance - In the most recent quarter, Clorox reported earnings of $1.55 per share, exceeding the expected$1.39 per share, resulting in a surprise of 11.51% [2]. - For the previous quarter, Clorox's earnings were $1.86 per share against an expectation of$1.36 per share, leading to a surprise of 36.76% [2]. Earnings Estimates and Predictions - Recent estimates for Clorox have been increasing, with a positive Earnings ESP (Expected Surprise Prediction) of +1.37%, indicating bullish sentiment among analysts regarding the company's earnings prospects [4][7]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat [7]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [5]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [6].