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Why Colgate-Palmolive Shares are Sliding Down
Catalyst

Why Colgate-Palmolive Shares are Sliding Down

Colgate-Palmolive ( (CL) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.

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Colgate-Palmolive’s stock took a hit after its Q4 2024 earnings report revealed a revenue miss, with $4.94 billion falling short of the expected $4.98 billion, breaking an eight-quarter streak of surpassing estimates. This disappointed investors despite the company beating earnings per share forecasts with 91 cents against an expected 89 cents. Analysts lowered their price targets due to the mixed results and a cautious 2025 outlook, which predicts flat revenue affected by foreign exchange rates and modest EPS growth. The company’s strategic moves, including exiting private label pet nutrition and plans for margin expansion, were overshadowed by concerns about market conditions and growth prospects.

More about Colgate-Palmolive

YTD Price Performance: 0.54%

Average Trading Volume: 4,643,287

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $74.26B

For further insights into CL stock on TipRanks’ Stock Analysis page.

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