Colgate-Palmolive Co. CL, a manufacturer and seller of consumer products globally, is slated to report first-quarter 2016 results on Apr 28. The big question facing investors is, whether the company will be able to post a positive earnings surprise again in the quarter to be reported. The company’s past performance reveals that it surpassed the Zacks Consensus Estimate in the final quarter of 2015, after posting in-line earnings and a negative earnings surprise in the third and second quarters, respectively. Let’s see how things are shaping up for this announcement.Zacks Model Shows Unlikely Earnings BeatOur proven model does not conclusively show that Colgate-Palmolive is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. Colgate-Palmolive has an Earnings ESP of 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate both stand at 63 cents. Colgate-Palmolive’s Zacks Rank #3 (Hold) increases the predictive power of ESP. However, the company’s ESP of 0.00% makes surprise prediction difficult.Colgate-Palmolive Company (CL) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompanyFactors Influencing this QuarterMacroeconomic headwinds and lingering currency woes may weigh upon Colgate-Palmolive’s first-quarter 2016 results. Nothing much has changed from the last quarter, wherein both the top and bottom lines declined year over year, and sales fell short of the Zacks Consensus Estimate for the eleventh straight quarter. However, even in the face of these challenges, management expects another year of robust organic sales growth on the back of new products across categories and geographies.Moreover, the company continues to progress well with its savings programs, as both its Global Growth and Efficiency Program or 2012 Restructuring Program and its Funding the Growth undertakings have been delivering impressive results. The programs are aimed at improving gross and operating margins over the long term.Stocks Poised to Beat Earnings EstimatesHere are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:Beacon Roofing Supply, Inc. BECN has an Earnings ESP of +23.81% and a Zacks Rank #2 (Buy).Coca-Cola Enterprises, Inc. CCE has an Earnings ESP of +2.50% and a Zacks Rank #2.Cabela's Incorporated CAB has an Earnings ESP of +10.81% and a Zacks Rank #2.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report COCA-COLA ENTRP (CCE): Free Stock Analysis Report BEACON ROOFING (BECN): Free Stock Analysis Report CABELAS INC (CAB): Free Stock Analysis Report COLGATE PALMOLI (CL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research