Are Wall Street Analysts Bullish on Clorox Stock?

Core Insights - The Clorox Company, based in Oakland, California, has a market capitalization of $14.5 billion and is known for its well-established brands such as Clorox, Pine-Sol, Glad, Burt's Bees, and Hidden Valley [1] Performance Overview - Over the past 52 weeks, Clorox shares have declined by 18.1%, underperforming the S&P 500 Index, which increased by 15.6%. However, year-to-date (YTD), Clorox stock is up 19.5%, outperforming the S&P 500's 1.7% return [2] - Clorox has also underperformed the State Street Consumer Staples Select Sector SPDR ETF (XLP), which rose by 9.1% over the past 52 weeks, but has outpaced XLP's 12.2% YTD increase [3] Earnings Report - On February 3, Clorox shares rose by 1.5% following a mixed Q2 earnings release. The company's revenue slightly decreased year-over-year to $1.7 billion but exceeded Wall Street expectations by 2.5%. Adjusted EPS fell by 10.3% from the previous year to $1.39, missing analyst expectations of $1.43 [4] Future Earnings Expectations - For the current fiscal year ending in June, analysts project Clorox's EPS to decline by 23.3% year-over-year to $5.92. The company's earnings surprise history is mixed, with two out of the last four quarters exceeding consensus estimates and two missing [5] Analyst Ratings - Among 18 analysts covering Clorox, the consensus rating is a "Hold," consisting of one "Strong Buy," 13 "Hold," and four "Strong Sell" ratings [5] - Morgan Stanley analyst Dara Mohsenian maintained a "Hold" rating on Clorox with a price target of $136, indicating a potential upside of 12% from current levels. The company is currently trading above its mean price target of $116.27, while the highest price target of $151 suggests a potential upside of 24.3% [7]