Church & Dwight (CHD - Get Report) should report a modest improvement in fourth-quarter earnings and revenue year-over-year before Tuesday's market open, according to analysts.

As surveyed by FactSet, analysts are forecasting adjusted earnings of 42 cents per share on revenue of $888.7 million. During the same quarter last year, the maker of Arm & Hammer baking soda and other consumer products earned an adjusted 41 cents per share on revenue of $873.6 million.

"Expect more of the same from CHD into the 4Q print - solid organic sales driven by broad-based share gains across many of its power brands, and despite input cost inflation pressures, delivery of nice margin gains sourced primarily from the gross margin line," KeyBanc Capital Markets analysts wrote in a recent note.

The analysts said not to expect much more than a "penny or two" outperformance for earnings per share, and the Wall Street consensus estimate matches the company's guidance for earnings of 42 cents per share. 

Margin pressures could emerge as categories remain competitive, commodity costs rise and expectations for improvement remain high.

"CHD's results and updated outlook should prove insightful for the staples sector on the whole with regard to margin outlooks in a competitive and inflationary input cost environment," KeyBanc analysts said.

The next catalyst for the company should be additional mergers and acquisitions, according to the firm.

"It has been longer than usual since the last deal if history is any guide. We appreciate that management is holding out for the right deal and delivering consistent fundamental performance, but given a premium valuation and what may be the beginnings of a broad rotation out of staples, for shares to move higher we think it will take a catalyst like another portfolio addition to get there," the analysts noted.

Shares of Church & Dwight were down nearly 1% to $45.44 in mid-afternoon trading today. The stock has fallen more than 9% over the past six months.