What to Expect From Church & Dwight’s Upcoming Q4 Results?

RBC Capital analysts provided their outlook on Church & Dwight Co., Inc. (NYSE:CHD) ahead of the company’s upcoming Q4 results announcement, calling for organic growth of (1.1%), compared to the Street estimate of (0.9%) and EPS of $0.60 (in line with the Street).

The analysts expect another quarter driven by strength in the household business with more muted trends in personal care. The company’s household products are up 8.6% in tracked channels in the Dec quarter or 7.6% on a two-year average basis which represents a 200-bps acceleration since Sept on an underlying basis. Tracked channel performance has been driven by laundry and litter, up 10% and 13.6%, respectively.

The analysts lowered their 2023 EPS estimate to $3.03 from $3.15 reflecting the impacts of higher expected ad spend and interest expense. The analysts cut their price target from $85 to $83 while maintaining the Sector Perform rating.