Clorox Company (The) ($CLX) Stock Forecast: Up 0.2% Today

What is Clorox Company (The)?

A consumer goods company known for household cleaning and personal care products is Clorox (CLX). The company has been emphasizing innovation and brand building to bolster growth in its market segments.

Why is Clorox Company (The) going up?

CLX stock is up 0.2% on Nov 1, 2024 14:40

• Clorox (CLX) saw a significant bullish movement today.
• Q1 earnings and sales of the company surpassed expectations, indicating a rebound from previous challenges related to a cyberattack.
• The positive performance was driven by robust organic sales in all segments and an expansion in margins.
• Pricing strategies, cost-saving initiatives, innovation, and brand building efforts by Clorox likely influenced the market's favorable response to its earnings results.

CLX Price Chart

CLX Technical Analysis

CLX News

CLX Q1 Earnings & Sales Beat Estimates, Raised FY25 View Drives Stock

Clorox's Q1 results reflect a recovery from last year's cyberattack-related woes. Organic sales across all segments and margin expansion boost its performance.

https://www.zacks.com/stock/news/2362083/clx-q1-earnings-sales-beat-estimates-raised-fy25-view-drives-stock

Clorox ( CLX ) Q1 Earnings and Revenues Surpass Estimates

Clorox (CLX) delivered earnings and revenue surprises of 36.76% and 8.13%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2361070/clorox-clx-q1-earnings-and-revenues-surpass-estimates

Clorox ( CLX ) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

Besides Wall Street's top -and-bottom-line estimates for Clorox (CLX), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.

https://www.zacks.com/stock/news/2359387/clorox-clx-q1-earnings-on-the-horizon-analysts-insights-on-key-performance-measures

Clorox Gears Up for Q1 Earnings: Here's What You Should Know

CLX's first-quarter fiscal 2025 results are likely to gain from pricing and cost-saving efforts. It aims at innovation and brand building.

https://www.zacks.com/stock/news/2358772/clorox-gears-up-for-q1-earnings-heres-what-you-should-know

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Clorox Company (The) Price History

01.10.2024 - CLX Stock was up 0.2%

• Clorox (CLX) saw a significant bullish movement today.
• Q1 earnings and sales of the company surpassed expectations, indicating a rebound from previous challenges related to a cyberattack.
• The positive performance was driven by robust organic sales in all segments and an expansion in margins.
• Pricing strategies, cost-saving initiatives, innovation, and brand building efforts by Clorox likely influenced the market's favorable response to its earnings results.

04.01.2024 - CLX Stock was up 5.6%

• The bullish movement in Clorox's stock today can be attributed to the following factors:
• 1. Better-than-expected earnings: Clorox reported earnings per share of $2.16, surpassing expectations. This positive financial performance likely instilled confidence in investors and contributed to the stock's bullish movement.
• 2. Raised full-year outlook: Clorox also raised its full-year outlook, indicating a positive outlook for future growth and profitability. This optimistic guidance may have attracted investors and led to increased buying activity.
• 3. Solid Q2 results: Clorox's second-quarter fiscal 2024 results exceeded estimates, driven by higher volumes, pricing actions, and cost-saving initiatives. These positive operational factors likely contributed to the stock's upward momentum.
• Overall, the combination of strong financial performance, positive outlook, and solid operational results likely fueled the bullish movement in Clorox's stock today.

05.09.2023 - CLX Stock was down 6.7%

• The bearish movement in CLX stock today can be attributed to the following factors:
• 1. Disappointing Q1 FY24 financial results: Clorox reported a decline in net sales and organic sales, falling short of market expectations. This negative outlook for the company's earnings likely contributed to the bearish movement in the stock.
• 2. Analyst downgrades and price target cuts: Truist Securities lowered its price target for Clorox, indicating a less optimistic outlook for the stock. Such downgrades and cuts in price targets can often lead to a decrease in investor confidence and subsequent selling pressure.
• 3. Market sentiment and broader market trends: The overall market sentiment, as indicated by the decline in S&P 500 Index futures and the energy sector, may have also influenced the bearish movement in CLX stock. Additionally, the disappointing performance of other stocks in the pre-market trading session could have further dampened investor sentiment towards Clorox.
• In summary, the bearish movement in Clorox stock today can be attributed to the company's disappointing financial results, analyst downgrades, and the overall market sentiment.

02.10.2023 - CLX Stock was up 8.0%

• The bullish movement in Clorox stock today can be attributed to the following factors:
• 1. Strong Q1 Earnings: Despite a 20% decline in revenue compared to the previous year, Clorox reported better-than-expected earnings for the first quarter. This positive performance likely boosted investor confidence and contributed to the stock's upward movement.
• 2. Resilience after Cyberattack: Clorox recently experienced a cyberattack, which led to a lowered fiscal 2024 outlook. However, the stock managed to rise despite this setback, indicating that investors may have been reassured by the company's ability to overcome the challenges posed by the attack.
• 3. Confidence in Inventory Management: Clorox is betting on strong inventory management to mitigate the impact of the cyberattack. This strategy may have instilled confidence in investors, leading to increased buying activity and driving the stock price higher.
• Overall, Clorox's strong earnings performance, resilience in the face of a cyberattack, and confidence in inventory management likely contributed to the bullish movement in the stock today.

02.07.2024 - CLX Stock was up 7.3%

• Clorox's Q4 earnings beat estimates and the company's gross margin is expected to expand in fiscal 2025, driving investor confidence and pushing the stock price higher.
• Despite a target price cut due to increasing competitive pressures, Clorox's strong forward guidance and positive quarterly earnings results have overshadowed these concerns, leading to a surge in the stock price.
• The company's comprehensive margin management efforts and successful financial performance have likely contributed to the bullish movement, attracting investors seeking growth opportunities in the consumer goods sector.
• Overall, Clorox's strategic initiatives and solid financial results have propelled the stock upwards, demonstrating resilience in the face of market challenges and competition.

02.07.2024 - CLX Stock was up 6.8%

• Clorox reported Q4 earnings that beat estimates, with an expected improvement in gross margin for fiscal 2025, showcasing strong financial performance.
• Despite a target price cut due to increasing competitive pressures, investors seem optimistic about the company's ability to navigate challenges and maintain profitability.
• The sale of a business unit and the guilty pleas in a loan scheme involving Bay Area men may have had minimal impact on Clorox's stock movement compared to the positive earnings results.
• Overall, Clorox's strategic margin management efforts and solid financial results likely contributed to the bullish market movement today.