Colgate-Palmolive reports its third-quarter earnings on Friday, October 24, 2014, and the consensus earnings per share estimate is 75 cents per share.
The consensus estimate has fallen over the past three months, from 77 cents. Analysts are expecting earnings of $2.93 per share for the fiscal year. Revenue is expected to be $4.44 billion for the quarter, 1% higher than the year-earlier total of $4.40 billion. For the year, revenue is expected to come in at $17.47 billion.
A year-over-year revenue decrease in the second quarter snapped a streak of three consecutive quarters of revenue increases.
The company has been profitable for the last eight quarters, but income has been falling for the last four by an average of 7% year-over-year. The hardest-hit quarter was the first quarter, which brought a 16% drop.
Colgate Palmolive manufactures and markets a number of oral, personal, home care, and pet nutrition products for customers around the world. Other companies in the personal and household prods. industry with upcoming earnings release dates include: Procter & Gamble, Avon and Clorox.
Earnings estimates provided by Zacks.
Narrative Science, through its proprietary artificial intelligence platform, transforms data into stories and insights.
