Fortune Brands Innovations Inc expected to post earnings of $1.09 a share - Earnings Preview

Fortune Brands Innovations

24/10/2023 02:00

* Fortune Brands Innovations Inc  FBIN.N   FBIN.K  is
expected
to show a fall in quarterly revenue when it reports  results on
October 25. 
    * The Deerfield Illinois-based  company is expected to
report  a
38.9% decrease in revenue to $1.256 billion from $2.05 billion a
year ago, according to the mean estimate from 16 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Fortune Brands
Innovations Inc is for earnings of $1.09 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 10
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Fortune
Brands
Innovations Inc is $75​, above​ its last closing price
of $57.53. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  1.03        1.02       1.07      Beat    4.5
 Mar. 31 2023  0.60        0.60       0.69      Beat    15.6
 Dec. 31 2022  1.34        1.35       1.56      Beat    15.6​
 Sep. 30 2022  1.67        1.72       1.79      Beat    4.3
 ​​Jun.        1.58        1.60       1.67      Beat    4.7
 30 2022                                                
 Mar. 31 2022  1.26        1.26       1.31      Beat    3.9​
 Dec. 31 2021  1.30        1.29       1.32      Beat    2
 Sep. 30 2021  1.34        1.39       1.49      Beat    7.5
 This summary was machine generated October 24 at 01:00 GMT.  All
figures in US dollars  unless otherwise stated