Church & Dwight Shares Lost 8% Since Disappointing Q2 Earnings Announcement
<p><a href='https://financialmodelingprep.com/financial-summary/CHD'>Church & Dwight Co., Inc. (NYSE:CHD)</a> shares dropped nearly 8% since the Q2 earnings announcement last week. EPS came in at $0.76, better than the Street estimate of $0.72. Revenue was $1.33 billion, compared to the Street estimate of $1.34 billion.</p>
<p>Analysts at Deutsche Bank provided their key takeaways from the results. Although they acknowledge a challenging operating environment amidst cost inflation and broad-based supply chain bottlenecks, the analysts noted the results and updated guidance were disappointing. </p>
<p>While the EPS came in better than expected, the analysts mentioned that this could be primarily attributed to significantly lower marketing spend (approximately 18% lower than consensus), as company organic growth of 3.4% missed the consensus estimate of 3.7%. </p>
<p>More critically, higher costs and lost revenue from demand headwinds in discretionary categories (Waterpik, Flawless) caused the company to materially reduce its full-year EPS estimates for 2022 to around $3.02 from the low-end of $3.14-$3.26 prior.</p>
<p>The analysts lowered their price target on the company’s shares to $93 from $99, while maintaining their hold rating.</p>

NYSE:CHD