Clorox (NYSE:CLX) reported its Q3 earnings results on Monday, May 2, 2022 at 04:15 PM.
Here’s what investors need to know about the announcement.
Earnings
Clorox beat estimated earnings by 35.05%, reporting an EPS of $1.31 versus an estimate of $0.97.
Revenue was up $28.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.18 which was followed by a 14.47% drop in the share price the next day.
Here’s a look at Clorox’s past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.84 | 1.03 | 1.36 | 1.48 |
| EPS Actual | 0.66 | 1.21 | 0.95 | 1.62 |
| Revenue Estimate | 1.66B | 1.70B | 1.92B | 1.87B |
| Revenue Actual | 1.69B | 1.81B | 1.80B | 1.78B |
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 FY 2022, expecting earnings between $4.05 and $4.3 per share.
To track all earnings releases for Clorox visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
