What is Zacks Research’s Forecast for Clorox Q1 Earnings?

The Clorox Company (NYSE:CLX) – Research analysts at Zacks Research cut their Q1 2027 earnings estimates for Clorox in a research report issued to clients and investors on Friday, October 23rd. Zacks Research analyst Team now anticipates that the company will post earnings of $0.91 per share for the quarter, down from their prior estimate of $1.02. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Clorox’s current full-year earnings is $5.66 per share. Zacks Research also issued estimates for Clorox’s Q2 2027 earnings at $1.30 EPS and FY2027 earnings at $5.53 EPS.

Clorox (NYSE:CLX) last announced its earnings results on Monday, August 3rd. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.02. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the previous year, the company earned $2.87 earnings per share. Clorox’s quarterly revenue was down 2.0% on a year-over-year basis. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS.

CLX has been the topic of a number of other research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Clorox in a research report on Tuesday, October 6th. TD Cowen decreased their target price on Clorox from $85.00 to $80.00 and set a “hold” rating for the company in a report on Tuesday, October 13th. Jefferies Financial Group cut Clorox from a “buy” rating to a “hold” rating and lowered their target price for the stock from $125.00 to $98.00 in a research note on Tuesday, July 28th. Barclays cut their price target on Clorox from $84.00 to $80.00 and set an “underweight” rating on the stock in a report on Friday, October 16th. Finally, Wells Fargo & Company reduced their price target on Clorox from $90.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Monday, October 5th. Twelve equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $93.57.

Clorox Stock Performance

NYSE:CLX opened at $87.36 on Monday. The company has a fifty day simple moving average of $89.74 and a two-hundred day simple moving average of $100.28. Clorox has a 52 week low of $79.12 and a 52 week high of $128.90.

Hedge Funds Weigh In On Clorox

A number of institutional investors and hedge funds have recently modified their holdings of CLX. BlackRock Inc. acquired a new stake in Clorox in the second quarter valued at $958,640,000. Bank of America Corp DE acquired a new position in shares of Clorox during the 2nd quarter worth about $179,780,000. Royal Bank of Canada boosted its position in shares of Clorox by 20.1% during the 1st quarter. Royal Bank of Canada now owns 1,418,204 shares of the company’s stock worth $146,969,000 after acquiring an additional 237,301 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Clorox in the 2nd quarter valued at about $123,154,000. Finally, Confluence Investment Management LLC increased its holdings in shares of Clorox by 33.8% in the 2nd quarter. Confluence Investment Management LLC now owns 1,247,644 shares of the company’s stock valued at $119,075,000 after acquiring an additional 315,069 shares during the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.

Clorox Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Wednesday, October 28th will be given a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, October 28th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.7%.

More Clorox News

Here are the key news stories impacting Clorox this week:

• Positive Sentiment: Clorox’s annualized $5 dividend offers a yield of approximately 5.7%, which may attract income-focused investors. The November 2 earnings report could provide a catalyst if cash flow shows the payout remains well covered. Is Clorox’s 6% Dividend Yield Safe?
• Neutral Sentiment: Investors are focused on the upcoming fiscal first-quarter results for evidence that Clorox can deliver its fiscal 2027 earnings outlook of $5.70 to $6.00 per share and stabilize organic sales. Clorox Dividend and Earnings Preview
• Negative Sentiment: Zacks Research reduced its fiscal 2027 third-quarter EPS estimate to $1.56 from $1.62 and its fourth-quarter estimate to $1.77 from $1.82. The cuts reinforce concerns about slowing earnings momentum; Zacks maintains a “Hold” rating. Clorox Earnings Estimate Changes
• Negative Sentiment: UBS expects fiscal first-quarter organic sales growth to remain pressured, while cost inflation weighs on earnings. This could make it harder for Clorox to meet expectations and protect margins. Clorox Fiscal Q1 Organic Sales Outlook
• Negative Sentiment: Recent coverage highlights declining sales and an even sharper drop in profits, along with higher costs tied to integrating a recent acquisition. Debt has reportedly doubled to roughly $5 billion, increasing balance-sheet and dividend-coverage risk. Macroeconomic Headwinds are Hitting Clorox From All Sides

About Clorox

The Clorox Company, founded in 1913 and headquartered in Oakland, California, is a consumer and professional products company. It began with household bleach and has expanded into a portfolio of brands serving cleaning, household, personal care, food, and professional markets.

Its brands include Clorox disinfecting and cleaning products, Pine-Sol cleaners, Liquid-Plumr drain care, Kingsford charcoal, Fresh Step and Scoop Away cat litter, Hidden Valley dressings and dips, Brita water filtration products, and Burt’s Bees personal care items.