Colgate-Palmolive is due for a turnaround, one analyst says. Here’s what can drive it.
Colgate-Palmolive Co. shares are down 4.9% Friday despite the toothpaste and toothbrush giant reporting better-than-expected fourth-quarter profit and hitting a full-year revenue milestone. However, the company’s revenue guidance came in below Wall Street’s expectations.
Why Colgate-Palmolive Stock Fell Today
Shares of Colgate-Palmolive (NYSE: CL) pulled back today after the household products giant missed the mark on the top line in its fourth-quarter earnings report and gave a weak outlook. Revenue growth slowed down from earlier in the year as price hikes it had previously implemented rolled off.
Colgate-Palmolive Q4: EPS Beat, Sales Miss, Cautious FY25 Forecast And More
Colgate-Palmolive reported a slight decline in Q4 sales, dropping 0.12% to $4.94 billion, missing estimates. However, organic sales rose by 4.3%, and non-GAAP EPS of $0.91 surpassed the consensus. The company expects flat FY25 sales.
Colgate-Palmolive Sees FY25 Earnings, Organic Sales Growth - Update
While reporting financial results for the fourth quarter on Friday, Colgate-Palmolive Co. (CL) initiated its earnings, adjusted
Colgate-Palmolive EPS Up, Revenue Lags
Colgate-Palmolive reported stable earnings for Q4 2024, beating EPS estimates but just missing revenue expectations.
Colgate-Palmolive: Q4 Earnings Snapshot
The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share. The consumer products maker posted revenue of $4.94 billion in the period, which missed Street forecasts.
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