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Clorox (NYSE:CLX) reported its Q2 earnings results on Thursday, February 3, 2022 at 04:15 PM.
Here's what investors need to know about the announcement.
Earnings
Clorox missed estimated earnings by 21.43%, reporting an EPS of $0.66 versus an estimate of $0.84, which surprised analysts.
Revenue was up $151.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.18, which was followed by a 1.22% increase in the share price the next day.
Here's a look at Clorox's past performance:
Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
---|---|---|---|---|
EPS Estimate | 1.03 | 1.36 | 1.48 | 1.77 |
EPS Actual | 1.21 | 0.95 | 1.62 | 2.03 |
Revenue Estimate | 1.70B | 1.92B | 1.87B | 1.75B |
Revenue Actual | 1.81B | 1.80B | 1.78B | 1.84B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Clorox management provided guidance for their next quarter, expecting earnings between $4.25 and $4.5 per share for the next quarter.
This represents a 562.88% in quarter-over-quarter growth for Clorox, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.