The Clorox Co (NYSE: CLX) has reported a loss for its third fiscal quarter (ending March 31) of $-0.41 versus a loss $-1.71 for the same period a year ago. Relative to the consensus estimate of $1.67, this was a shortfall of $-2.08. For the latest four quarters through March 31, E.P.S. were $1.95 compared to $0.59 a year ago — an increase of 231%.
Recent Price Action
The Clorox Co (NYSE: CLX) stock closed at $147.87 on 4/30/24 after a slight decline of -0.7%. Moreover, unusually high trading volume at 152% of normal accompanied the decline. The stock has risen 1.9% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CLX is expected to continue to be a major Value Builder.
Clorox has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Clorox has a slightly negative Appreciation Score of 37 and a neutral Power Rating of 50, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment