Fortune Brands Innovations Inc expected to post earnings of $1.12 a share - Earnings Preview

Fortune Brands Innovations

23/07/2024 21:37

* Fortune Brands Innovations Inc  FBIN.N   FBIN.K  is
expected
to show a rise in quarterly revenue when it reports  results on
July 25 for the period ending June 30 2024
    * The Deerfield Illinois-based  company is expected to
report a
10.0% increase in revenue to $1.28 billion from $1.16 billion a
year ago, according to the mean estimate from 15 analysts, based
on LSEG data.The company's guidance on April 30 2024, for the
period ended June 30, was for revenue of $1.280 billion.
    * ​LSEG's mean analyst estimate for Fortune Brands
Innovations Inc
is for earnings of $1.12 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 11
"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 $82.00​, above​ its last closing price
of $71.39. ​​​

The company's guidance on April 30 2024 for the period ended
June 30 was for Earnings before Interest and Taxes between
USD211.21 million and USD217.61 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.74        0.74       0.83      Beat    11.6
 Jan. 1 0001   0.93        0.93       0.95      Beat    2.4
 Sep. 30 2023  1.10        1.09       1.19      Beat    8.8​
 Jun. 30 2023  1.03        1.02       1.07      Beat    4.5
 ​​Mar.        0.60        0.60       0.69      Beat    15.6
 31 2023                                                
 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. 30 2022  1.58        1.60       1.67      Beat    4.7
 This summary was machine generated July 23 at 20:37 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)