Investors need to pay close attention to Church & Dwight (CHD) stock based on the movements in the options market lately.
CHD's share price expected to remain rangebound until positive data supports meeting FY24 organic sales guidance. Recent earnings show mixed performance, with uncertainty surrounding the ability to meet FY24 guidance. Uncertain macroeconomic environment, decelerating volume growth, and expensive valuation relative to peers contribute to a neutral stance on CHD.
Church & Dwight Co. develops, manufactures, and markets household, personal care, and specialty products in three segments. CHD's stock price has been trending upwards this year but underperformed the broader market starting from June. Quarterly earnings show revenue growth, improved profitability, and a promising outlook, but valuation suggests the stock is overpriced.
The headline numbers for Church & Dwight (CHD) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Start Time: 10:00 January 1, 0000 11:02 AM ET Church & Dwight Co., Inc. (NYSE:CHD ) Q2 2024 Earnings Conference Call August 02, 2024, 10:00 PM ET Company Participants Matt Farrell - President, Chairman and CEO Rick Dierker - EVP and CFO Conference Call Participants Rupesh Parikh - Oppenheimer Chris Carey - Wells Fargo Bonnie Herzog - Goldman Sachs Peter Grom - UBS Steve Powers - Deutsche Bank Dara Mohsenian - Morgan Stanley Lauren Lieberman - Barclays Kaumil Gajrawala - Jefferies Andrea Teixeira - JPMorgan Filippo Falorni - Citi Kevin Grundy - BNP Paribas Olivia Tong - Raymond James Jon Keypour - Bank of America Javier Escalante - Evercore Robert Moskow - TD Cowen Mark Astrachan - Stifel Operator Good morning, ladies and gentlemen, and welcome to Church & Dwight's Second Quarter 2024 Earnings Conference Call. Before we begin, I've been asked to remind you that on this call, the company's management may make forward-looking statements regarding, among other things, the company's financial objectives and forecasts.
Church & Dwight's (CHD) Q2 results reflect increased sales and earnings on strong consumer demand. Yet, management revised the 2024 outlook to be at the lower end of its previous view.
Church & Dwight (CHD) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.92 per share a year ago.
Church & Dwight said on Friday it expects full-year sales and profit at the lower end of its previous forecast due to consumer hesitancy on spending for its higher-priced household and personal care products.
Church & Dwight's (CHD) robust portfolio built through innovation, new products, and acquisitions positions it well for Q2 earnings amid escalated marketing expenses and inflationary headwinds.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Church & Dwight (CHD), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
Church & Dwight (CHD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Church & Dwight (CHD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.