Kimberly-Clark (KMB) Beats Q4 Earnings, Provides FY18 View
Kimberly-Clark Corporation KMB came out with fourth-quarter 2017 results, wherein adjusted earnings of $1.57 a share beat the Zacks Consensus Estimate of $1.54 and surged 8.3% from the prior-year quarter.
Additionally, management projects 2018 earnings in the range of $6.90 and $7.20 per share. The current Zacks Consensus Estimate for 2018 is pegged at $6.56.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2018 has declined by a cent in the last seven days. Nevertheless, in the trailing four quarters, excluding the quarter under review, the company outperformed the Zacks Consensus Estimate by an average of 2%.
Kimberly-Clark Corporation Price, Consensus and EPS Surprise
Kimberly-Clark Corporation Price, Consensus and EPS Surprise | Kimberly-Clark Corporation Quote
Revenues: Kimberly-Clark’s generated total revenue of $4,582 million that increased 1% year over year but missed of the Zacks Consensus Estimate of $4,597 million. Management now forecasts 2018 sales to increase in the range of 1-2%.
Key Events: Kimberly-Clark’s board hiked dividend by 3.1% alongside the quarterly results. The company also announced a new 2018 Global Restructuring Program. Also during the quarter Kimberly-Clark repurchased 0.9 million shares for approximately $100 million.
Zacks Rank: Currently, Kimberly-Clark carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
Stock Movement: Kimberly-Clark shares are up nearly 1.1% during pre-market trading hours following the earnings release.
Check back later for our full write up on Michael Kors’ earnings report!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Kimberly-Clark Corporation (KMB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
