08-28-2014, 11:21 AM
(08-28-2014, 11:11 AM)TomK Wrote: Thanks Eric, I appreciate the response. I also don't understand the $2.96 projection for 2104. Based on first two quarters, they are on pace to match 2013's $2.38 in earnings (using reported rather than "adjusted" numbers), not beat it by 24 percent.
Looking at yahoo finance.
https://finance.yahoo.com/q/ae?s=CL+Analyst+Estimates
They have made $1.41 in first half of year ($0.68+$0.73) and are estimated to earn $0.77 and $0.79 in Q3 and Q4, which gives a combined total of $2.97 for the year.
Price of $64.54 gives a PE of 21.7 based on expected 2014 earnings.