The Zacks Analyst Blog Highlights:Colgate-Palmolive, Procter & Gamble, Clorox, Inter Perfums and Bank of New York Mellon PR Newswire CHICAGO, Jan. 31, 2013 CHICAGO, Jan. 31, 2013 /PRNewswire/ --Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Colgate-Palmolive Company (NYSE:CL), Procter & Gamble Company (NYSE:PG), The Clorox Company (NYSE:CLX), Inter Perfums Inc. (Nasdaq:IPAR) and The Bank of New York Mellon Corporation (NYSE:BK). (Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO) Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513 Here are highlights from Wednesday's Analyst Blog: Will Colgate-Palmolive Beat in 4Q? World's leading consumer goods dealer,Colgate-Palmolive Company (NYSE:CL) is likely to beat the expectations when it reports its fiscal 2012 fourth-quarter results on Jan 31. Why a Likely Positive Surprise? Our proven model shows that Colgate-Palmolive may beat the earnings because it has the right combination of two key components – Positive Earnings ESP (Read: Zacks Earnings ESP: A Better Method) and a Zacks Rank #2. ZacksESP: Colgate-Palmolive currently has an Earnings ESP of +1.43%. This is because the Most Accurate Estimate stands at $1.42, while the Zacks Consensus Estimate is pegged at $1.40. Zacks#2 Rank (Buy): Note that stocks with Zacks Rank #1, #2 and #3 have significantly higher chances of beating the earnings. The sell rated stocks (#4 and #5) should never be considered going into an earnings announcement. The combination of Colgate-Palmolive's Zacks Rank #2 (Buy) and Earnings ESP of +1.43% make us confident regarding a positive earnings beat by the company on Jan 31. What is Driving the Better-than-Expected Earnings? We believe that the company's strategic acquisition and divestment activities, along with sustained focus on product innovation, provide it a platform to take advantage of growth opportunities, and thereby augment profitability. The company has met as well as surpassed the Zacks Consensus Estimate in trailing four quarters with an average surprise of approximately 0.8%. Other Stocks to Consider Colgate-Palmolive is not the only firm looking up this earnings season. The following companies – Colgate's industry peers – are also likely to beat the earnings in the to-be-reported quarter: Procter & Gamble Company (NYSE:PG) with Earnings ESP of +2.08% and a Zacks Rank #2 (Buy). The Clorox Company (NYSE:CLX) with Earnings ESP of +1.24% and a Zacks Rank #3 (Hold). Inter Perfums Inc. (Nasdaq:IPAR ) has Earnings ESP of +13.33% and carries a Zacks Rank #3 (Hold). BNY Mellon's Dismissal Plea Refused The Supreme Court of the State of New York has rejected a dismissal plea of The Bank of New York Mellon Corporation (NYSE:BK). A lawsuit was filed by The Salvation Army accusing BNY Mellon of mismanaging funds. The New York Judge has sustained three out four claims in the Salvation Army's lawsuit against BNY Mellon's gross negligence, breach of fiduciary duty and breach of contract. However, the claim for negligent misrepresentation was dismissed. The Salvation Army is seeking $22 million in compensation. In Apr 2011, the southern division of the Salvation Army had filed the lawsuit alleging gross ignorance on part of BNY Mellon regarding the investment of the charity's funds. The Salvation Army's instructions of investing in less risky avenues were not followed by the bank. Rather, BNY Mellon went ahead and invested funds in perilous mortgage-backed securities. Consequently, when the markets collapsed, the Salvation Army suffered huge losses. In its defense, BNY Mellon was quick to point that the investment strategy at during that particular period was prudent enough and it had meticulously executed the investment of the charity's funds. Further, the bank added that it was willing to challenge the charges in the court. Presently, BNY Mellon is not the only bank facing problems over investment in mortgage-backed securities prior to 2008 financial crisis. Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515. About Zacks Equity Research Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term. Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. 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The Zacks Analyst Blog Highlights:Colgate-Palmolive, Procter & Gamble, Clorox, Inter Perfums and Bank of New York Mellon
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