How reliable are CL's earnings forecasts?

Colgate-Palmolive's (CL) earnings forecasts for the upcoming quarter are generally reliable, as evidenced by the following points: 1. **Consensus Estimates**: The consensus estimates for CL's earnings per share (EPS) and revenue for the quarter ended June 2024 are $0.87 per share and $5.02 billion, respectively. These estimates represent year-over-year increases of 13% and 4.1%, indicating a positive earnings outlook. 2. **Analyst Revisions**: The consensus EPS estimate has been revised 0.17% higher over the last 30 days, reflecting a general upward adjustment in analysts' expectations. This suggests that analysts are becoming more optimistic about CL's earnings performance. 3. **Historical Performance**: CL has a track record of delivering earnings in line with or slightly above analysts' expectations. For instance, in the most recent quarter, CL's EPS was $0.85, slightly exceeding the consensus estimate of $0.82. This indicates that CL's earnings performance is often in line with analysts' forecasts. 4. **Market Conditions**: The company's earnings are expected to benefit from higher revenues due to factors such as a strong brand portfolio, multi-tiered pricing, and a professional recommendation model in key categories. These factors are likely to contribute positively to CL's earnings performance. 5. **Recent Performance**: CL's stock price has shown a notable increase, climbing about 13% during the quarter, indicating investor confidence in the company's performance. This sentiment is supported by analysts' expectations of 4% organic growth and 8% earnings per-share expansion in 2024. In conclusion, CL's earnings forecasts for the upcoming quarter are reliable, considering the consensus estimates, analyst revisions, historical performance, market conditions, and recent stock price trends. Investors can expect a positive earnings report with potential for slight upside due to analyst revisions and market conditions.