Colgate-Palmolive Company · CL · FY2024 Q3 · Calendar Q4 2024

Colgate-Palmolive pairs broad volume growth with margin expansion

The supplied analysis supports a constructive operating picture: broad volume growth, margin expansion, premiumization, innovation, and Hill's expansion provide support for continued earnings progress. The thesis remains conditional on pricing discipline, category demand, FX, and competitive dynamics.

Reported Before market openNYSEConsumer Defensive $73.87B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $0.91 Consensus $0.89
EPS surprise +2.2% Reported versus consensus
Reported revenue $5.03B Consensus $5.01B
Revenue surprise +0.5% Reported versus consensus

Market reaction

prior-close to event-session close
Stock move -4.1% Event window
SPY move -0.0% Same window
Abnormal move -4.1% Stock minus SPY
Volume 1.9× Versus trailing sessions
Subsequent drift -0.7% Up to 20 sessions
CLSPY benchmark

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Transcript intelligence

What changed

Relative to the supplied prior-quarter analysis, the current call placed greater emphasis on volume growth across all divisions, Hill's wet-food expansion, new manufacturing capacity, and a larger innovation pipeline. The analysis also identified pricing softness in North America, shipment timing, e-commerce pull-back, and skin-care competition as more prominent concerns.

Guidance delta

No new guidance was provided in the supplied analysis; the call emphasized innovation, capacity, and investment priorities.

Key takeaways

  • Volume growth across all six divisions offset pricing softness, particularly in North America.
  • Gross-margin expansion supported continued investment in advertising and innovation.
  • Hill's pet expansion, premiumization, and new product launches were highlighted as growth drivers.
  • Market-share gains in Europe and emerging markets supported management's confident tone.

Management priorities

  • Advance the 2025–2026 innovation pipeline and premiumization initiatives.
  • Expand Hill's wet-food offering and global pet-market share.
  • Use AI-driven analytics to improve advertising and promotion efficiency.
  • Leverage additional manufacturing capacity for supply-chain flexibility.

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Earnings History

Estimate Beat Miss Match
CL EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 3 future estimate-only quarters. Q1 '24 estimate $0.81 Q1 '24 actual $0.86, beat Q2 '24 estimate $0.87 Q2 '24 actual $0.91, beat Q3 '24 estimate $0.89 Q3 '24 actual $0.91, beat Q2 '25 estimate $0.90 Q2 '25 actual $0.92, beat Q3 '25 estimate $0.89 Q3 '25 actual $0.91, beat Q4 '25 estimate $0.91 Q4 '25 actual $0.95, beat Q1 '26 estimate $0.94 Q1 '26 actual $0.97, beat Q2 '26 estimate $0.95 Q2 '26 actual $0.99, beat Q3 '26 estimate $0.93 Q4 '26 estimate $0.96 Q1 '27 estimate $0.99
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Analyst Consensus ?

ConsensusHold45 ratings
Bullish1840.0%
Neutral2555.6%
Bearish24.4%

Analyst 52W Price Targets

$92.67Previous close
$76Low
$93.66Average
$121High

Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 16, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Wells Fargo Equal Weight Equal WeightMaintainOct 5, 2026
Piper Sandler Overweight OverweightMaintainSep 21, 2026
RBC Capital Outperform OutperformMaintainSep 8, 2026
UBS Buy BuyMaintainAug 3, 2026
TD Cowen Hold HoldMaintainAug 3, 2026
JP Morgan Overweight OverweightMaintainAug 3, 2026
Evercore ISI Group Outperform OutperformMaintainAug 3, 2026
Barclays Equal Weight Equal WeightMaintainJul 21, 2026
Citigroup Buy BuyMaintainJul 14, 2026
Morgan Stanley Overweight OverweightMaintainApr 23, 2026
Rothschild& Co Buy NeutralUpgradeApr 21, 2026
Rothschild & Co Buy NeutralUpgradeApr 21, 2026
B of A Securities Buy BuyMaintainApr 10, 2026
Deutsche Bank Buy HoldUpgradeMar 30, 2026
Jefferies Hold HoldMaintainFeb 2, 2026
Argus Research Hold BuyDowngradeDec 11, 2025
Raymond James Outperform OutperformMaintainOct 20, 2025
Goldman Sachs Buy BuyMaintainOct 2, 2025
Stifel Hold HoldMaintainFeb 3, 2025
Bernstein Market Perform Market PerformMaintainJul 30, 2024
HSBC Hold BuyDowngradeJul 26, 2024
Wolfe Research Perform Peer PerformMaintainNov 22, 2022
Credit Suisse Outperform OutperformMaintainOct 18, 2022
Atlantic Equities Neutral OverweightDowngradeMay 3, 2022
Redburn Partners Neutral NeutralMaintainDec 16, 2021
Berenberg Hold SellUpgradeJan 26, 2021
SunTrust Robinson Humphrey Buy BuyMaintainMay 15, 2020
Bank of America Neutral BuyDowngradeDec 19, 2019
Macquarie Neutral NeutralMaintainApr 29, 2019
Argus Buy BuyMaintainOct 30, 2018
Stifel Nicolaus Hold HoldMaintainJul 23, 2018
B. Riley FBR Neutral NeutralMaintainMay 5, 2018
Societe Generale Sell HoldDowngradeNov 29, 2017
KeyBanc Equal Weight Sector WeightMaintainSep 9, 2016
Exane BNP Paribas Neutral OutperformDowngradeJul 29, 2016
Sterne Agee CRT Neutral BuyDowngradeFeb 26, 2016
Sterne Agee Neutral BuyDowngradeFeb 26, 2016
B. Riley Securities Neutral NeutralMaintainFeb 1, 2016
B. Riley Neutral NeutralMaintainFeb 1, 2016
Canaccord Genuity Hold SellUpgradeJun 18, 2015
BMO Capital Outperform Market PerformUpgradeJun 10, 2014
FirstEnergy Capital Perform Market PerformMaintainNov 20, 2013
Nomura Reduce NeutralDowngradeJul 30, 2013
Tigress Financial Neutral NeutralMaintainFeb 25, 2013
Batlivala & Karani Outperform UnderperformUpgradeSep 21, 2012
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Named analyst price targets

Upside is calculated against the persisted previous close $92.67. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
UBSAnalyst unavailable$106$94.14 +14.4%Oct 15, 2026
Piper SandlerAnalyst unavailable$95$87.47 +2.5%Sep 21, 2026
RBC CapitalNik Modi$104$91.67 +12.2%Aug 3, 2026
Deutsche BankAnalyst unavailable$101$91.31 +9.0%Aug 3, 2026
Morgan StanleyAnalyst unavailable$104$92.4 +12.2%Aug 3, 2026
UBSAnalyst unavailable$109$92.29 +17.6%Aug 3, 2026
Wells FargoChris Carey$95$95.03 +2.5%Jul 8, 2026
BernsteinCristian Rios$96$89.39 +3.6%Jun 11, 2026
UBSAnalyst unavailable$100$85.5 +7.9%May 4, 2026
Deutsche BankSteve Powers$99$85.78 +6.8%May 4, 2026
Redburn PartnersAnalyst unavailable$100$83.53 +7.9%Apr 21, 2026
BarclaysLauren Lieberman$79$83.94 -14.8%Apr 14, 2026
RBC CapitalAnalyst unavailable$102$86.04 +10.1%Apr 9, 2026
Piper SandlerAnalyst unavailable$92$85.55 -0.7%Apr 8, 2026
Wells FargoChris Carey$92$85.55 -0.7%Apr 8, 2026
Goldman SachsBonnie Herzog$100$95.09 +7.9%Feb 20, 2026
Redburn PartnersAnalyst unavailable$93$96.17 +0.4%Feb 13, 2026
BarclaysLauren Lieberman$88$91.89 -5.0%Feb 3, 2026
Morgan StanleyDara Mohsenian$100$90.29 +7.9%Feb 2, 2026
Wells FargoAnalyst unavailable$94$90.29 +1.4%Feb 1, 2026
Goldman SachsBonnie Herzog$94$90.29 +1.4%Jan 31, 2026
Piper SandlerAnalyst unavailable$96$89.45 +3.6%Jan 30, 2026
BarclaysLauren Lieberman$83$84.32 -10.4%Jan 16, 2026
UBSPeter Grom$93$83.27 +0.4%Jan 14, 2026
Wells FargoAnalyst unavailable$86$81.93 -7.2%Jan 13, 2026
Piper SandlerAnalyst unavailable$88$77.2 -5.0%Jan 6, 2026
JefferiesAnalyst unavailable$85$78.95 -8.3%Dec 16, 2025
RBC CapitalAnalyst unavailable$88$76.11 -5.0%Dec 9, 2025
Evercore ISIRobert Ottenstein$94$75.62 +1.4%Nov 3, 2025
Morgan StanleyDara Mohsenian$87$76.57 -6.1%Nov 3, 2025
Deutsche BankAnalyst unavailable$86$77.81 -7.2%Oct 10, 2025
UBSAnalyst unavailable$92$78.64 -0.7%Oct 8, 2025
Piper SandlerAnalyst unavailable$84$78.31 -9.4%Oct 3, 2025
BarclaysLauren Lieberman$82$79.94 -11.5%Oct 1, 2025
Morgan StanleyAnalyst unavailable$96$83.36 +3.6%Aug 4, 2025
BarclaysAnalyst unavailable$89$93.19 -4.0%Mar 27, 2025
Piper SandlerKorinne Wolfmeyer$121$103.31 +30.6%Sep 23, 2024
Wells FargoChris Carey$100$105.73 +7.9%Sep 16, 2024
Stifel NicolausMark Astrachan$105$98.08 +13.3%Jul 22, 2024
Morgan StanleyDara Mohsenian$103$93.3 +11.1%May 28, 2024
Argus ResearchChris Graja$107$94.57 +15.5%May 15, 2024
Deutsche BankSteve Powers$98$90.12 +5.8%Apr 29, 2024
Stifel NicolausMark Astrachan$95$91.01 +2.5%Apr 29, 2024
Stifel NicolausMark Astrachan$94$87.65 +1.4%Apr 10, 2024
Evercore ISIRobert Ottenstein$96$87.88 +3.6%Apr 8, 2024
Raymond JamesOlivia Tong$91$83.72 -1.8%Jan 29, 2024
Wells FargoChris Casey$81$75.62 -12.6%Jul 28, 2023
J.P. MorganAnalyst unavailable$86$77.61 -7.2%Jan 13, 2023
BarclaysAnalyst unavailable$80$78.02 -13.7%Jan 3, 2023
Deutsche BankAnalyst unavailable$87$77.05 -6.1%Dec 6, 2022
Credit SuisseKaumil Gajrawala$85$72.82 -8.3%Oct 18, 2022
Wells FargoAnalyst unavailable$75$70.25 -19.1%Oct 3, 2022
Wells FargoChris Carey$80$80.43 -13.7%Aug 8, 2022
BarclaysAnalyst unavailable$74$81.1 -20.1%Aug 2, 2022
UBSAnalyst unavailable$90$80.22 -2.9%Aug 1, 2022
J.P. MorganAnalyst unavailable$78$75.52 -15.8%Jul 21, 2022
BarclaysAnalyst unavailable$71$75.13 -23.4%May 23, 2022
BarclaysAnalyst unavailable$77$75.18 -16.9%May 3, 2022
Atlantic EquitiesAnalyst unavailable$80$75.18 -13.7%May 3, 2022
Deutsche BankAnalyst unavailable$88$75.37 -5.0%May 2, 2022
Morgan StanleyAnalyst unavailable$82$77.06 -11.5%May 2, 2022
J.P. MorganAndrea Faria Teixeira$79$77.05 -14.8%Apr 30, 2022
Goldman SachsJason English$95$76.42 +2.5%Apr 3, 2022
CitigroupWendy Nicholson$86$82.45 -7.2%Jan 31, 2022
Wells FargoChristopher Carey$76$82.45 -18.0%Jan 31, 2022
Credit SuisseKaumil Gajrawala$90$82.45 -2.9%Jan 31, 2022
JefferiesKevin Grundy$89$84.76 -4.0%Jan 5, 2022
Bank of America SecuritiesBryan Spillane$80$73.57 -13.7%Oct 5, 2021
UBSPeter Grom$89$73.57 -4.0%Oct 5, 2021
Stifel NicolausMark Astrachan$88$78.63 -5.0%Aug 2, 2021
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Company context

Snapshot as of publication

Operating globally, Colgate-Palmolive Company and its affiliated entities are engaged in the production and distribution of a diverse range of consumer goods. Its operations are structured into two primary divisions: Oral, Personal and Home Care, and Pet Nutrition. The Oral, Personal and Home Care division encompasses a broad array of offerings, spanning oral hygiene (e.g., toothpastes, toothbrushes, mouthwashes), personal care (e.g., bar and liquid soaps, shower gels, shampoos, conditioners, deodorants, antiperspirants, skin health items), and home care solutions (e.g., dishwashing detergents, fabric conditioners, household cleaners).…

Historical context

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2024-11-10T18:38:36.707185+00:00
  3. Polygon adjusted daily market bars · 2026-10-16T09:20:41.116674+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-16T09:20:41.113796+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-16. For educational purposes only; not investment advice.