Risk/Reward Rating: Neutral
Clorox stock was down 11% this morning after reporting disappointing fourth quarter 2021 earnings (the 2021 fiscal year ended 6-30-21) and providing guidance for 2022 that is well below expectations. The guidance for the new fiscal 2022 year is for earnings to be in the range of $5.05 to $5.35 per share on a GAAP basis (generally accepted accounting principles) and $5.40 to $5.70 on a non-GAAP basis. This guidance is 26% below the current Wall Street non-GAAP earnings estimate of $7.49 per share.
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