Colgate-Palmolive Co. (CL – Analyst Report), a global dealer in consumer goods, came out with fourth-quarter 2015 adjusted earnings of 73 cents per share that came a penny ahead of the Zacks Consensus Estimate but fell 4% year over year.
Including one-time items, the company reported loss per share of 51 cents compared with earnings of 68 cents reported in the prior year quarter.
For 2016, the company projects low single-digit decline in earnings per share on a dollar basis.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2015 has remained unchanged over the past 30 days, while that of 2016 has been portraying a downtrend over the same time frame.
Revenues: Colgate’s global sales came in at $3,899 million during the quarter down from the year-ago figure of $4,221 million, as benefit from 4% rise in prices were more than offset by a negative impact of 11.5% from currency fluctuations. Quarterly revenues also fell short the Zacks Consensus Estimate of $3,950 million.
Organic sales rose 5% during the quarter. Despite tough macroeconomic environment and foreign currency headwinds, management anticipates robust organic sales growth in 2016 buoyed by new product categories.
Zacks Rank: Currently, Colgate carries a Zacks Rank #3 (Hold) which is subject to change based on the just released earnings results.
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