Kimberly-Clark (KMB) Earnings Report Preview
Household products company Kimberly-Clark (KMB) is set to report its earnings this Friday before the market opens. Here’s what to look forward to.
Last quarter, Kimberly-Clark missed analysts' revenue expectations by 1%, reporting revenues of $4.84 billion, which marked a decline of 6% year over year. The quarter saw slower performance, with organic revenue estimates also falling short, though adjusted operating income aligned with analysts' predictions.
What Are Analysts Expecting?
This quarter, analysts anticipate a further decline in revenues, projecting a drop of 7.3% year on year to $4.66 billion. This decline represents a deceleration from the 2% decrease reported in the same quarter last year. Adjusted earnings are expected to come in at $1.67 per share.
Heading into the earnings announcement, sentiment among analysts has turned more bearish, with four downward revenue revisions noted over the past 30 days. Kimberly-Clark has missed Wall Street’s revenue estimates five times in the last two years.
Peer Performance
Comparing Kimberly-Clark to its peers in the household products sector, some companies have already released their Q2 results, providing insight into market trends. Procter & Gamble reported a year-on-year revenue growth of 1.7%, meeting analysts' expectations, while WD-40 experienced a 1.2% revenue increase, falling short by 2.3%. Following their results, Procter & Gamble's shares declined by 2.8%, while WD-40's stock remained stable.
Despite the mixed results within the sector, investors have maintained steady positions leading into earnings, with share prices remaining flat over the past month. In contrast, Kimberly-Clark's stock has dropped by 5.5% during the same timeframe, currently trading at $124.33 against an average analyst price target of $141.33.
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