On November 11, Clorox falls 4.02% in Regular Trading, trading at $102.35 per share, with turnover of $34.5199 million.
The move follows a recent post-earnings rally, but the latest market focus remains on management's indication that fiscal adjusted EPS is more likely to land near the low end of its $5.70 to $6.00 guidance range as cost pressure persists, tempering enthusiasm after a strong quarterly beat.
Clorox previously reported fiscal first-quarter adjusted EPS of $1.55, above the $1.07 consensus estimate, on revenue of $1.905 billion versus the expected $1.876 billion. After the report, several institutions lifted target prices, including to $98, $99 and $94, yet some analysts also warned that second-quarter profit could face meaningful pressure and that uncertainty around organic sales growth, inflation and margins remains unresolved.
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