Colgate-Palmolive (CL) Q3 Earnings Preview: A Look at Analyst Opinions
Get ready for Colgate-Palmolive’s (CL) third-quarter earnings release, set to hit the market before the opening bell on Friday, October 25th. The anticipation is high, with analysts expecting a solid performance from the New York-based consumer goods giant.
Earnings Expectations:
Analysts are projecting earnings per share of 88 cents for the quarter, representing a slight increase from the 86 cents per share reported in the same period last year. Colgate-Palmolive is also anticipated to report revenue of $5 billion for the quarter, reflecting the company’s robust global reach and popular brands.
Analyst Sentiment:
While expectations are generally positive, analyst opinions on the stock are mixed. Several analysts have expressed a bullish outlook, citing Colgate-Palmolive’s strong brand recognition, established market position, and global presence as key factors in their positive outlook. However, others are more cautious, citing concerns about inflationary pressures, rising competition, and the potential for a slowdown in consumer spending.
Recent Analyst Actions:
Here’s a snapshot of recent analyst ratings and price target changes for Colgate-Palmolive:
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JP Morgan (Andrea Teixeira):
Overweight rating, price target raised from $113 to $114 (accuracy rate: 61%)*
Wells Fargo (Chris Carey):
Downgraded from Equal-Weight to Underweight, price target set at $100 (accuracy rate: 66%)*
Deutsche Bank (Steve Powers):
Downgraded from Buy to Hold, price target raised from $107 to $109 (accuracy rate: 68%)*
TD Cowen (Robert Moskow):
Maintained Buy rating, price target raised from $110 to $115 (accuracy rate: 67%)*
Morgan Stanley (Dara Mohsenian):
Maintained Overweight rating, price target raised from $103 to $111 (accuracy rate: 72%)Key Takeaways:
The upcoming earnings release will provide crucial insights into Colgate-Palmolive’s performance in the current economic environment. While some analysts remain optimistic about the company’s long-term prospects, others are taking a more cautious approach. Investors will be closely watching the company’s revenue growth, profit margins, and management commentary for any signs of potential challenges or opportunities. As always, it’s essential to conduct your own due diligence and consider your individual investment goals and risk tolerance before making any investment decisions.
