Church & Dwight Company Inc. ($CHD) Stock Forecast: Down 7.8% Today

What is Church & Dwight Company Inc.?

CHD is a stock of Church & Dwight Co Inc., a company that specializes in household and personal care products. The overall market for CHD has been experiencing mixed results lately.

Why is Church & Dwight Company Inc. going down?

CHD stock is down 7.8% on Nov 3, 2023 13:31

• The bearish movement in CHD today can be attributed to the following factors:
• 1. Weaker-than-expected Q4 earnings outlook: Despite reporting higher revenues in the third quarter, Church & Dwight issued a fourth-quarter earnings outlook that fell below market estimates. This disappointing forecast likely contributed to the bearish movement.
• 2. Profit decrease in Q3: Although Church & Dwight beat Street estimates for third-quarter earnings, the company's profit decreased compared to the same period last year. This decline may have raised concerns among investors and led to the bearish movement.
• 3. Strong demand and higher prices: On a positive note, Church & Dwight has been experiencing steady demand and has raised its annual net sales forecast multiple times this year. However, it seems that this positive news was not enough to offset the negative sentiment caused by the weaker earnings outlook and profit decrease.
• In summary, the bearish movement in CHD today can be attributed to the weaker Q4 earnings outlook and profit decrease, despite the company's strong demand and higher prices. Investors may have reacted negatively to these factors, leading to the downward movement in the stock.

CHD Price Chart

CHD Technical Analysis

CHD News

ROUNDUP: Church & Dwight Sees Q4 Earnings Below Market; Backs FY23 Earnings View

WASHINGTON (dpa-AFX) - Church & Dwight Co Inc. (CHD), while announcing weak profit and higher revenues in its third quarter, on Friday issued fourth-quarter earnings outlook, below market estimate…

https://www.finanznachrichten.de/nachrichten-2023-11/60557785-roundup-church-dwight-sees-q4-earnings-below-market-backs-fy23-earnings-view-020.htm

Condom maker Church & Dwight lifts sales forecast again on steady demand, higher prices

Church & Dwight lifted its annual net sales forecast for a third time this year on Friday, boosted by high prices as well as strong demand for its household and personal care products.

https://www.reuters.com/business/retail-consumer/condom-maker-church-dwight-lifts-sales-forecast-again-steady-demand-higher-2023-11-03/

Church & Dwight sees positive pricing and volume in Q3

Church & Dwight (CHD) reported strong Q3 sales growth, driven by higher volume and positive pricing. Gross margin improved, but adjusted SG&A also increased.

https://seekingalpha.com/news/4030084-church-dwight-sees-positive-pricing-and-volume-in-q3?feed_item_type=news

Church & Dwight Co Inc. Q3 Profit Decreases, but beats estimates

WASHINGTON (dpa-AFX) - Church & Dwight Co Inc. (CHD) announced a profit for third quarter that decreased from the same period last year but beat the Street estimates.The company''s earnings totaled…

https://www.finanznachrichten.de/nachrichten-2023-11/60557467-church-dwight-co-inc-q3-profit-decreases-but-beats-estimates-020.htm

Church & Dwight Posts Higher 3Q Sales

The maker of Arm & Hammer and other consumer products reported a third-quarter adjusted earnings of 74 cents a share that topped analysts’ expectations for 69 cents a share.

https://www.wsj.com/business/earnings/church-dwight-posts-higher-3q-sales-70c43eb7

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Church & Dwight Company Inc. Price History

06.09.2023 - CHD Stock was down 5.2%

• Baker Tilly Wealth Management LLC decreased its holdings in CHD by 5.2% in the second quarter, indicating a lack of confidence in the stock.
• The selling of shares by Baker Tilly Wealth Management LLC could have contributed to the bearish movement in CHD's stock price.
• This news suggests that some investors may have concerns about the company's performance or future prospects, leading to a decline in the stock's value.

03.10.2023 - CHD Stock was down 7.8%

• The bearish movement in CHD today can be attributed to the following factors:
• 1. Weaker-than-expected Q4 earnings outlook: Despite reporting higher revenues in the third quarter, Church & Dwight issued a fourth-quarter earnings outlook that fell below market estimates. This disappointing forecast likely contributed to the bearish movement.
• 2. Profit decrease in Q3: Although Church & Dwight beat Street estimates for third-quarter earnings, the company's profit decreased compared to the same period last year. This decline may have raised concerns among investors and led to the bearish movement.
• 3. Strong demand and higher prices: On a positive note, Church & Dwight has been experiencing steady demand and has raised its annual net sales forecast multiple times this year. However, it seems that this positive news was not enough to offset the negative sentiment caused by the weaker earnings outlook and profit decrease.
• In summary, the bearish movement in CHD today can be attributed to the weaker Q4 earnings outlook and profit decrease, despite the company's strong demand and higher prices. Investors may have reacted negatively to these factors, leading to the downward movement in the stock.