Household products company Kimberly-Clark (NYSE:KMB)
will be reporting earnings this Tuesday before market open. Here’s what investors should know.
Kimberly-Clark met analysts’ revenue expectations last quarter, reporting revenues of $4.15 billion, flat year on year. It was a satisfactory quarter for the company, with a decent beat of analysts’ EBITDA estimates but gross margin in line with analysts’ estimates.
Is Kimberly-Clark a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Kimberly-Clark’s revenue to be flat year on year at $4.09 billion, improving from the 17.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.81 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at Kimberly-Clark’s peers in the consumer staples segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Procter & Gamble delivered year-on-year revenue growth of 1.5%, meeting analysts’ expectations, and WD-40 reported flat revenue, in line with consensus estimates. Procter & Gamble traded up 2.8% following the results while WD-40 was down 6.6%.
Read our full analysis of Procter & Gamble’s results here and WD-40’s results here.
There has been positive sentiment among investors in the consumer staples segment, with share prices up 6.1% on average over the last month. Kimberly-Clark’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $122.07 (compared to the current share price of $101.99).
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