NEW YORK (TheStreet) -- Shares of Colgate-Palmolive (CL) - Get Report  were decreasing in early-afternoon trading on Wednesday ahead of the company's 2016 fiscal third-quarter results due out before tomorrow's market open. 

Analysts surveyed by FactSet are looking for adjusted earnings of 73 cents per share on revenue of $3.94 billion. 

In 2015, the New York City-based consumer products company posted earnings of 72 cents per diluted share and $4.0 billion in revenue for the third quarter. 

Colgate-Palmolive said in its 2016 second-quarter earnings that it expects a low-to mid-single digit net sales decline for 2016 due to continued currency headwinds. 

Analysts surveyed by FactSet are forecasting full-year revenue of $15.45 billion. The company reported $16.03 billion in revenue in 2015. 

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Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

The team rates Colgate-Palmolive as a Hold with a ratings score of C. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, the team finds that net income has been generally deteriorating over time.

You can view the full analysis from the report here: CL

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