It’s been a tough stretch for many stocks throughout 2022, and The Clorox Company CLX has been no exception. Below is a year-to-date chart of the company’s share performance with the S&P 500 blended in as a benchmark.Image Source: Zacks Investment ResearchThe company has landed itself into a Zacks Rank #5 (Strong Sell) and carries an overall VGM Score of a D – a pairing that one never wants to see.Let’s take a closer view of why the company has found itself in such an unfavorable ranking.Growth EstimatesAnalysts have extensively dialed back their earnings outlook over the last 60 days, a big reason why the company is a Zacks Rank #5 (Strong Sell).Image Source: Zacks Investment ResearchIn addition, the Zacks Consensus EPS Estimate of $0.93 for the upcoming quarter reflects a disheartening 23% drop in earnings year-over-year. Pivoting to the top-line, the quarterly revenue projection for the upcoming print of $1.8 billion pencils in a 2% year-over-year decrease.Below is a chart illustrating the company’s revenue on a quarterly basis.Image Source: Zacks Investment ResearchValuationClorox shares trade at high valuation multiples, and the company carries a Style Score of an F for Value.The company’s forward earnings multiple resides at a steep 33.8X, well above its five-year median of 24.9X, and representing a rich 65% premium relative to its Zacks Consumer Staples Sector.Image Source: Zacks Investment ResearchQuarterly PerformanceBottom-line results have left much to be desired as of late, with the company reporting quarterly EPS below the Zacks Consensus EPS Estimate in two of its previous three quarters. Just in its latest quarter, Clorox penciled in a 2.1% bottom-line miss.Bottom LineClorox CLX shares have been the victim of a deep double-digit valuation slash year-to-date, with sellers remaining in complete control. This adverse price action, paired with overwhelmingly negative estimate revisions, paints a grim picture for the company in the short term.The company is a Zacks Rank #5 (Strong Sell) and a stock that investors will be better off staying away from for now.Instead, investors should pivot to stocks that either carry a Zacks Rank #1 (Strong Buy) or Zacks Rank #2 (Buy) – the odds of reaping considerable gains are much higher within the companies that carry these ranks. Want to Know the #1 Semiconductor Stock for 2022? Few people know how promising the semiconductor market is. Over the last couple of years, disruptions to the supply chain have caused shortages in several industries. The absence of one single semiconductor can stop all operations in certain industries. This year, companies that create and produce this essential material will have incredible pricing power. For a limited time, Zacks is revealing the top semiconductor stock for 2022. You'll find it in our new Special Report, One Semiconductor Stock Stands to Gain the Most. Today, it's yours free with no obligation.>>Give me access to my free special 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 The Clorox Company (CLX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research