While Kimberly-Clark faces short-term hurdles from a dynamic retail landscape and high promotional costs, its strategic initiatives set a foundation for growth.
Kimberly-Clark has a truly global presence, with top-two market share positions in 70 countries. The post Kimberly-Clark Offers Comfort With 58 Straight Years Of Dividend Growth appeared first on Investor's Business Daily.
Kimberly-Clark (KMB) reported earnings 30 days ago. What's next for the stock?
KMB is battling a dynamic consumer landscape and high advertising costs, while its Powering Care strategy keeps it well-positioned for growth.
Goldman Sachs analyst Bonnie Herzog reiterated the Buy rating on Kimberly-Clark Corporation KMB stock, with a price forecast of $152.
KMB's third-quarter 2024 results reflect higher earnings on increased operating profit. However, management lowered its top-line view for the year.
Kimberly-Clark Corporation (NYSE:KMB ) Q3 2024 Earnings Conference Call October 22, 2024 8:00 AM ET Company Participants Christopher Jakubik - Investor Relations Mike Hsu - Chairman and Chief Executive Officer Nelson Urdaneta - Chief Financial Officer Conference Call Participants Lauren Lieberman - Barclays Nik Modi - RBC Capital Markets Anna Lizzul - Bank of America Bonnie Herzog - Goldman Sachs Christopher Carey - Wells Fargo Securities Kevin Grundy - BNP Paribas Javier Escalante - Evercore ISI Operator Greetings. Welcome to the Kimberly-Clark's Third Quarter 2024 Question-and-Answer Session.
While the top- and bottom-line numbers for Kimberly-Clark (KMB) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Kimberly-Clark (KMB) came out with quarterly earnings of $1.83 per share, beating the Zacks Consensus Estimate of $1.69 per share. This compares to earnings of $1.74 per share a year ago.
Shares of Kimberly-Clark Corp. fell 3.1% in premarket trading Tuesday, after the parent of consumer brands including Huggies diapers, Kleenex tissues and Scott toilet paper reported third-quarter profit that beat expectations, amid volume and price increases, but sales that fell a bit shy.
Kleenex tissue maker Kimberly-Clark on Tuesday cut its full-year organic net sales forecast after missing Wall Street estimates for third-quarter sales, as cost-conscious consumers swap its pricier personal care goods for cheaper alternatives.
KMB's Q3 earnings are likely to reflect the adverse impact of shifting consumer behaviors, retail inventory destocking and rising manufacturing costs.