Oakland, California-based The Clorox Company (CLX) manufactures and markets consumer and professional products. It operates through Health and Wellness, Household, Lifestyle, and International segments. With a market cap of $19.9 billion, Clorox’s portfolio consists of diverse brands sold in more than 100 countries and nearly every region. It is expected to release its Q1 earnings after the market closes on Wednesday, Oct. 30.
Ahead of the event, analysts expect Clorox to report a profit of $1.36 per share, up 177.6% from $0.49 per share reported in the year-ago quarter. The company has surpassed Wall Street’s adjusted EPS projections in each of the past four quarters. Its adjusted EPS for the last reported quarter grew 9% year-over-year to $1.82, exceeding the consensus estimates by 18.2%. The high expected increase in earnings is primarily due to the base effect of a 47.3% year-over-year drop in adjusted EPS in Q1 2024.
