Earnings Preview: Colgate-Palmolive

Colgate-Palmolive (CL) is expected to report Q2 earnings before market close Tuesday July 29, with a conference call scheduled for 11:00 am ET.

Guidance

Analysts are expecting a profit of 94c on revenue of $3.83B. The consensus range for EPS is 92c to 96c, with a revenue range of $3.64B to $3.96B, according to First Call.

Analyst Views

On July 15, Colgate-Palmolive confirmed that it would meet or exceed internal expectations for sales and profit for Q2. The company said previously, when it reported Q1 results on April 30 , that it saw FY08 EPS up in the double digits. Note that on July 16, BMO Capital downgraded the Personal Care and Household Sector based on negative earnings revisions and impact from cost inflation.